Thales, Reliance Defense To Form Joint Venture For Radar and EW Sensors
Thales and Reliance Defence Limited announced today their intent to form an Indian Joint Venture (JV) with the proposed shareholding of 49% and 51% respectively.
The JV aims to develop Indian capabilities to integrate and maintain Radar and Electronic Warfare sensors.
Besides, the JV will develop skills and activity in the Special Economic Zone of Mihan-Nagpur together with an Indian supply chain for the manufacturing of microwave technologies and high performance airborne electronics.
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