FLASH! BAE-Bofors Pulls Out Of Indian 155mm Gun Procurement Effort

Just received this statement from BAE Systems:

While we are certain that the FH-77B05 is the most capable 52 calibre Towed Gun available, and it was specifically designed for and demonstrated to meet the Indian Army's requirements as stated in previous RFPs, BAE Systems has, after very careful consideration, come to the conclusion that the company will not submit a proposal. The Ministry of Defence has been informed. This conclusion was reached following a detailed assessment of the new RFP. We found that:
More shortly.

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