M& M and UK firm to make naval equipment.
MAHINDRA Defence Naval Systems said on Monday that it has tied up with Britain's Ultra Electronics to manufacture and supply underwater warfare equipment for the Indian Navy and radios for the Army in a move that comes after it joined hands with global giant Airbus last week to produce military helicopters in India.
The two companies have come together to build and supply newgeneration advanced systems like the torpedo defence system,integrated anti- submarine warfare defence suite and mine counter- measure equipment. Their offerings will also include anti- submarine warfare vessels,submarine safety equipment and sonobuoys,among others,Mahindra Defence said in a statement. The Mahindra Group firm did not disclose financial details of the agreement.
According to the statement,the companies will address requirements of specialised radios for the Army's tactical communication systems.
Mahindra Defence chairman S. P. Shukla said,"The Navy has been importing a major part of underwater war- fighting equipment. We expect to provide cutting- edge technology to the Navy in this field in partnership with Ultra Electronics. We also expect to address the requirement of specialised radios and other defence electronics for all the three wings of the armed forces." Ultra Electronics chief executive officer Rakesh Sharma said that the tie- up builds upon his company's existing collaboration in providing modern,software defined tactical radios to the Army. Ultra Electronics is a defence,security,transport and energy company that manages a portfolio of specialist capabilities generating innovative solutions.
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|Publication:||Mail Today (New Delhi, India)|
|Date:||Jul 7, 2015|
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