Reliance, Rafael to Partner In Air-to-Air Missiles, Air Defense Systems
12:21 PM, March 29, 2016
Indian Air Force's SPYDER (Surface-to-air PYthon and DERby) Short and Medium Range Mobile Air Defence System
Indian Reliance and Israeli Rafael have agreed to set up a joint venture company in India to manufacture air-to-air missiles, aerostats and air defense systems.
The strategic partnership with Rafael Advance Defence Systems of Israel, will mark the entry of Reliance Defence in the complex field of air-to-air and air defence systems manufacturing in India, the company said in a press statement.
The Reliance and Rafael JV will have 51% holding from Reliance Defence and 49% by Rafael according to the current guidelines of Government of India.
The joint venture will be located at Dhirubhai Ambani Land Systems Park, Pithampur, Indore in Madhya Pradesh. The project will have an initial capital outlay of more than Rs 1,300 crore (US $195 million), without including the cost of technology.
Rafael's portfolio includes SPYDER short-range and medium-range missiles and the Barak family of surface-to-air missiles in the short and medium-range.
Rafael has already provided large aerostat systems to the Indian Air Force for meeting its surveillance, reconnaissance, communication and intelligence needs.
The two companies, through the JV, will offer the entire range of products in these fields to the Indian Armed Forces. Rafael is also willing to offer solutions, through the JV, even for the ongoing "Buy Global" programs where it is currently competing, in line with the 'Make in India' initiatives of the Indian Government.
Based on the current requirements, the JV will address multiple programs valued at more than Rs 65,000 crore (US $9.8 billion) over the next 10 years, the company said.
Boeing will showcase a range of advanced aerospace and defense products that include multirole fighter aircraft, attack and heavy lift helicopters, transport aircraft, maritime reconnaissance aircraft, weapons and unmanned systems during the upcoming DefExpo exhibition...
There is no ban on companies blacklisted by the Ministry of Defense to participate at the upcoming DefExpo exhibition starting next week at South Goa, India.
Unlike last time, there is no bar on blacklisted companies...
Rafael has scheduled the first test firing of its I-Derby beyond-visual-range air-to-air missile integrated on India's Tejas light combat aircraft later this year.
The I-Derby will become the Tejas fighters main air-to-air weapon following the...
Rafael Advanced Defense Systems has unveiled SPIKE LR II, a 5th generation variant of the Spike Family that can be fired from vehicles, helicopters, ships, and ground launchers. The new missile will be...
Indias Reliance Infrastructure company will soon sign a contract to build fast patrol vessels for the Indian Coast Guard, its chairman, Anil Ambani disclosed at the companys annual general meeting in Mumbai on Tuesday.
Israeli Rafael will supply 164 examples of Litening targeting pod to Indian air force for four types of combat aircraft including Su-30 fighters.
“The pods will be delivered in the next couple of years,” Guy Oren,...
Indias Reliance Defense as received 16 new industrial licences for the manufacture of defense equipment that include armored vehicles, electronic warfare systems, missiles and unmanned aerial vehicles.
The equipment will be manufactured at Pithampur SEZ in...
Reliance Defence signed a strategic partnership agreement with Ukraines state-owned firm Ukroboronprom to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles.