Indian Larsen and Toubro and European MBDA have entered in a joint venture for the development of fifth generation anti-tank guided missiles (ATGMs) in India.
L&T will own 51%in the JV;L&T MBDA Missile Systems. MBDA will own the rest 49% of the shares, PTI reported Monday.
Initially, the JV will eye to develop and supply ATGMs, missiles for coastal batteries and high speed target drones. Going forward the L&T will focus on opportunities in missile and missile systems domain, and target prospects under different categories of defence procurement which has specific requirements for design developed and manufactured in India.
The company has been in India for many years supplying to the Indian defence forces and the JV is a natural progression, MBDA CEO Antoine Bouvier said.
The JV expects to roll out the first product in the next two years. Although it hasn’t finalised on where the missile systems will be manufactured, the company has shortlisted two out of L&T’s nine facilities.
If needed, it is open to considering a new facility. MBDA is jointly owned by AIRBUS Group (37.5%), BAE Systems (37.5%) and Leonardo (25%).
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Indias Samtel Avionics has tied up with South Koreas Hanwha Systems to produce future technologies in Electronic Warfare and Missiles. Hanwha Systems, as a defense electronics company is capable of providing total solutions for ground, naval and air Command, Control, Communication, Computer & Intelligence (C4I), guided weapon, Electronic Warfare (EW) and future combat systems, the South Korean firm announced today
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India's state-owned Bharat Dynamics Limited (BDL) has signed a contract worth INR 760 crore ($110 million) with the Indian Army for the supply of Konkurs Anti-Tank Guided Missiles (ATGM) and Launchers. The contract was signed in New Delhi on Tuesday by Gurudatta Prasad, Director of production at BDL
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HMS Argyll has successfully conducted the first firing of the Sea Ceptor system which provides improved protection for the Royal Navy against anti-ship cruise missiles, aircraft and other highly sophisticated threats. The Sea Ceptor system, which utilises MBDAs next-generation Common Anti-air Modular Missile (CAMM), is being fitted to replace the Sea Wolf weapon system on the Type 23 frigates as part of their life-extension programme, an MBDA release said
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