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Bharat Forge Subsidiary Bolsters Presence in US: Signed LOI For Cannons Supply

Written by: Sachin GuptaUpdated on: Feb 20, 2025, 12:53 PM IST
The agreement follows the India-U.S. bilateral defence meeting, reaffirming the expanding strategic partnership between the two nations.
Bharat Forge Subsidiary Bolsters Presence in US: Signed LOI For Cannons Supply
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On February 19, 2025, Kalyani Strategic Systems Ltd (KSSL), a fully-owned subsidiary of Bharat Forge Ltd, India, and AM General, USA, signed a Letter of Intent (LOI) at IDEX 2025 for the delivery of advanced artillery cannons made in India to the United States. This underscores the first-ever export of cannons from an Indian defence manufacturer to the U.S., highlighting the strengthening of bilateral defence ties between the two countries.

Strengthening Presence in Defence Sector

KSSL is further establishing itself as a key player in the global defence sector on the back of its expertise in artillery systems and previous collaboration with AM General. The company had recently agreed with AM General to co-develop a wide range of next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in both 105mm and 155mm calibers.

This development follows the India-U.S. bilateral defence meeting, reaffirming the expanding strategic partnership between the two nations and their joint efforts to enhance defence-industrial cooperation. It also highlights India’s growing role in defence manufacturing and its emergence as a trusted supplier of advanced weaponry to global markets.

Management Take on Partnership

Speaking on the sidelines of the ongoing IDEX in AbuDhabi, Mr. Baba Kalyani, Chairman & Managing Director, of Bharat Forge Ltd. said, “Supply of made-in-India critical defence systems to the United States is pathbreaking! We at KSSL are proud to be the first Indian company to supply cannons to the U.S. It is a testament to our capabilities and a major advancement in our mission to be a world-leading Artillery Solutions provider. This agreement underscores the trust and confidence that global defence leaders, such as AM General, place in our capabilities. It also reinforces our commitment to delivering cutting-edge, battle-proven solutions to meet modern warfare requirements.”

AM General, a global leader in military vehicle platforms, has been actively exploring next-generation artillery solutions. The company’s prior collaboration with KSSL on artillery platforms has paved the way for this deeper engagement. John Chadbourne, Executive Vice President, AM General, shares, “This Letter of Intent with KSSL represents an important step in expanding our strategic partnership. Given KSSL’s proven artillery capabilities and our shared commitment to technological innovation, we see tremendous potential in bringing advanced artillery solutions to the U.S. defence forces. AM General and Mandus are looking forward to exploring this collaboration with Kalyani Group to ultimately deliver Advance Mobile Artillery Capabilities.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 20, 2025, 9:39 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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