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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

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GlobalData : Indian Navy looks for unmanned survey vessels, says GlobalData

01/13/2021 | 09:18am EST
13 Jan 2021
Indian Navy looks for unmanned survey vessels, says GlobalData
Posted in Aerospace, Defense & Security

Following the news that the Indian Navy has released a request for information (RFI) for unmanned survey vessels (USVs);

Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view:

'The Indian Navy's (IN) lookout for an unmanned survey vessel is in line with the global interests in unmanned surface vessels that are to be used for a myriad functions. With proper planning and deployment, the use of USVs will allow the navy to conduct certain missions safely and in most instances more efficiently and with the overall cost lower than similar manned operations.

'An interesting point in the RFI is the requirement for the applicant entity to be an Indian vendor that is in line with the guidelines laid down by the Defence Acquisition Procedure 2020. This prerequisite is a clear push to ensure that local industry gets an opportunity to develop their offerings, and the ready availability of expertise, parts and services to the IN in case there's a requirement.

'India's long-term aim at indigenization of critical technologies got a boost through the government's reforms in the midst of the pandemic as it laid down new rules that limited the contracts below a certain value to Indian companies and opened up areas with the aim to be a global manufacturing and export hub for defense equipment.

'Moving away from policies and providing opportunities for companies to participate will be crucial for local companies to prove their technologies before being taken seriously in foreign markets. However, it will be interesting to see whether a final purchase is made within the timelines suggested, or whether like other announcements, they are caught in red tape and eventual cancellations.'

Disclaimer

GlobalData plc published this content on 13 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2021 14:17:08 UTC


© Publicnow 2021
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Sales 2020 181 M 248 M 248 M
Net income 2020 23,0 M 31,5 M 31,5 M
Net Debt 2020 67,9 M 92,9 M 92,9 M
P/E ratio 2020 81,7x
Yield 2020 1,22%
Capitalization 1 528 M 2 088 M 2 090 M
EV / Sales 2020 8,81x
EV / Sales 2021 8,22x
Nbr of Employees 3 355
Free-Float 29,1%
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Average target price 1 535,67 GBX
Last Close Price 1 295,00 GBX
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Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
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Murray Legg Non-Executive Director
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