At the ongoing DEFEXPO 2010, defence majors Larsen & Toubro Ltd (L&T) and Raytheon Company announced teaming up in a L&T led proposal submitted this month to upgrade Indian Army T72 tanks, the company said in a regulatory filing.

Under the proposal, Raytheon will provide infrared imaging sights and electronics that will greatly improve target accuracy and increase overall system lethality on the battlefield for T72 tank battalions. Raytheon has provided 20,000 thermal sights in more than 15 countries.

BSE  |  NSE Price

Also Read   Related Stories News Now - L&T Finance public offer of NCDs closes on Feb 22 - Army, DRDO want L&T; but Antony bats for BEML - 'Private sector should complement, not compete' - Rate alert - T N Ninan: Incorporating change - K'taka seeks PPP route to up power generation capacities

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

“Together, we are exploring other opportunities to provide net-centric modernisation defense solutions to meet growing demands in India and the global marketplace.”

L&T will provide fire control system, sensors, and will accomplish the final integration along with the customer support. L&T brings in track record of development of fire control systems across multiple weapon systems across Land, Naval and Air Defense applications.

“L&T is the only Indian company in the private sector that is leading the tank upgrade programme. L&T and Raytheon combination has got what it takes to deliver on such an important programme,” said M V Kotwal, senior executive vice president and member of the Board, L&T.

“This beginning would lead to new avenues in Indian and global defense markets for both the partners working together.”

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : L&T | DEXEXPO 2010 | Defence industry | indian army | Raytheon   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More