India’s state-owned Ordnance Factory Board (OFB) has received its largest-ever defence export contract, a deal worth USD45.75 million to sell munitions to the United Arab Emirates (UAE), the Indian Ministry of Defence (MoD) has announced.
The MoD said in a recent notice that the export contract features the sale of 50,000 units of 155 mm high-explosive projectiles and accessories. The MoD described the deal, which was concluded in June, as OFB’s “largest-ever single export order”.
The new order reportedly follows an earlier deal in 2017 through which the OFB supplied the UAE with 40,000 artillery shells.
In September 2018 former chairman of the OFB, P K Shrivastava, said the defence enterprise was aiming to achieve exports worth about INR10 billion (USD141 million) within the ensuing two years.