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: American defence firm Raytheon today said it has signed a Memorandum of Understanding with Tata Advanced Systems Limited to engage in co-production of Stinger air defense missile components.
As part of the new pact, TASL could produce components of the Stinger missile in India, the company said in a release.
Stinger has both surface-to-air and air-to-air applications against a variety of airborne targets.
Ratan Tata, Interim Chairman of Tata Sons was present at the signing of MoU at the Aero India 2017 here.
"Our agreement with Tata Advanced Systems deepens our industrial partnership in India with a global technology leader and will expand the range of options and capabilities for U.S. And coalition forces to achieve their missions," Raytheon Land Warfare Systems Vice President Duane Gooden said.
Noting that in 2016,India was one of three international customers to order Stinger missiles, the release said India will equip its AH-64 Apache helicopters soon to enter service with the Indian Air Force.
"We will seek to expand our relationship to other missile systems and technologies, and contribute to the progressive implementation of the 'Make in India' initiative to address multiple objectives of the government, such as value addition, employment, and control over key technologies," TASL CMD Sukaran Singh said.
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