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Raytheon signs MoU with Tata Advanced Systems

Press Trust of India  |  Bengaluru 

: 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 2017 here.

"Our agreement with Tata Advanced Systems deepens our industrial partnership in 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,was one of three international customers to order Stinger missiles, the release said India will equip its AH-64 helicopters soon to enter service with the

"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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 17 2017. 16:13 IST