07 May 2009

Larsen & Toubro to form joint venture with EADS Defence & Security

May 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- LTOUF | Quote | Chart | News | PowerRating -- Larsen & Toubro Limited, an India-based technology, engineering, construction, and manufacturing company, has signed an agreement to form a joint venture with EADS Defence & Security Division, a division of European Aeronautic Defence and Space Company NV, for defense electronics in India, based in Talegaon near Pune.

European Aeronautic is a Germany-based company engaged in providing aerospace, defense, and related services. 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 joint venture company will develop and manufacture indigenous solutions for military requirements of Indian customers as well as the world market. The joint venture will also provide the armed forces with locally produced high tech equipment and assured life-time support.

0 Comments: