Mr. Itzhak Nissan, President and CEO Israel Aerospace Industries and Mr. Ratan N. Tata, Chairman Tata Sons have signed a framework agreement for cooperation in the development, manufacturing, marketing and support of defence products in India. This agreement was signed following a Memorandum of Agreement that was signed on February 17 in New Delhi during the Defexpo defense show.
The cooperation agreement between IAI and Tata Advanced Systems (TASL) covers a wide range of defense and aerospace products, including Missiles, UAVs, Radars, Electronic Warfare (EW) systems and Home Land Security (HLS) systems.
An agreement for establishing a JV Company in India will be signed between the parties shortly. The company will serve as the main vehicle for the implementation of the parties’ cooperation and establish local indigenous capabilities.
TASL is a wholly owned subsidiary of Tata Industries focused on providing integrated solutions for Defence and Aerospace.