India Russia Venture

India-Russia Joint Venture Posts Record Profits 

Published on May 2, 2026

The India-Russian BrahMos Aerospace joint venture company has posted record 2025-26 revenue with 48.6% growth. The company, a joint venture by Indian and Russian defense manufacturers, posted revenues of US$548.24 million, India’s Defense Research and Development Organization stated on Thursday (April 30). This is an increase from US$368.9 million recorded a year ago.

BrahMos Aerospace is also steadily growing its footprint in the global defense market with two export orders worth US$420 million signed in 2025-26, DRDO stated. A deal with Vietnam is currently in the works and could be signed when Vietnamese President To Lam visits New Delhi next week. That deal includes shore-based BrahMos batteries for coastal defense, along with training, logistics, and an initial batch of missiles, and is estimated at being worth US$611.5 million. Moscow has cleared the transfer, the DRDO said, illustrating continued defense cooperation between India, Russia, and Vietnam.

If the deal is signed, Vietnam would become the third Southeast Asian nation to put these supersonic cruise missiles into its arsenal. Last year, the Philippines became the first third-party customer for the BrahMos system, taking delivery of an initial batch in April under a US$375 million agreement signed in 2023.

In March, Indonesia said it had entered into a pact with India to procure ‌the BrahMos missile system. Earlier this month, India launched a warship capable of carrying BrahMos supersonic missiles into its naval fleet.

The BrahMos, named after the Brahmaputra and Moskva rivers, is among the fastest supersonic cruise missiles in the world. It has a range of 290 km, a speed close to Mach 2.8, and cannot be intercepted by any contemporary defense systems.

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