Mahindra forms JV with Rafael for defence systems [02 Apr 2012]

By admin April 2, 2012 4:59 am

Mahindra & Mahindra and Rafael Advanced Defense Systems, a manufacturer of high tech defence systems for air, land, sea and space applications, signed a MoU which will lead to the formation of a Joint Venture company in India. The JV will develop and manufacture products such as anti torpedo defence systems, electronic warfare systems, advanced armouring solutions and remotely operated weapon stations for futuristic infantry combat vehicles (FICV).
Rafael will make investments in Mahindra’s existing naval systems division in Pune which will also be the location of a production facility which will be set up to meet the long-term requirements of the JV company.

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