EADS Defence & Security and Larsen & Toubro join forces in India to forge a long term partnership
12:00 AM, May 5, 2009
EADS Defence & Security (DS) and Indian engineering giant
Larsen & Toubro (L&T), Mumbai, will join forces in the fields of defence
technology. During a signing ceremony in Mumbai, EADS DS and L&T announced
the planned formation of a joint venture company for defence electronics in India,
based in Talegaon near Pune. The new company will aim at design, development,
manufacturing and related services in the fields of electronic warfare, radar, military
avionics and mobile systems (such as modular bridges) for military applications. The
formation of the joint venture is subject to approval by the Indian Government. A. M. Naik, Chairman and Managing Director of L&T said: “For over two decades,
L&T has been a major supplier of critical systems to India’s defence forces. These
include a wide range of products like weapon launchers, naval systems, radar
systems, etc. We welcome the formation of this joint venture that will create
opportunities for development of state-of-the-art defence electronic products and
systems for the Indian defence forces and for the rest of the world”. Dr. Stefan Zoller, CEO of EADS Defence & Security, stated: "EADS DS is a high
tech company driving the development of integrated system solutions for armed
forces and civil security worldwide. We are proud of joining forces with one of
India's biggest technology companies. Our joint venture is proof of our commitment
to India. EADS would like to move beyond just providing high technology sales to
India by creating an Indian Industrial base with the development of a long term
partnership including the transfer of technology wherever necessary. The cooperation
with L&T is an important milestone on the way to increase our industrial footprint in
India. The Indian defence and security market is growing fast and we want to grow
with it". The joint venture company will develop and manufacture indigenious solutions for
military requirements of Indian customers as well as the world market. Thus, the
Indian JV company will provide the armed forces with locally produced high tech
equipment and assured life-time support.
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