Mahindra announces two joint ventures in India

  • 13-Apr-2012 03:22 EDT

Mahindra & Mahindra Ltd. announced two joint ventures at the DefExpo 2012 held in Delhi. The company's memorandum of understanding with Rafael Advanced Defence Systems Ltd., a manufacturer of high-tech defense systems for air, land, sea, and space applications, will lead to the formation of a joint venture company in India. The JV will develop and manufacture products such as anti-torpedo defense systems, electronic warfare systems, advanced armoring solutions, and remotely operated weapon stations for Futuristic Infantry Combat Vehicles (FICVs). Mahindra & Mahindra Ltd. and Telephonics Corp., a designer, developer, and manufacturer of high-technology integrated information, communication, and sensor system solutions to military and commercial markets worldwide, also announced the impending formation of a JV company that will provide the Indian Ministry of Defence and the Indian civil sector with radar and surveillance systems, Identification Friend or Foe (IFF) devices, and communication systems. In addition, the JV intends to provide systems for air-traffic management services, homeland security, and other emerging surveillance requirements.

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