L&T and MBDA forms JV to make missile systems in India

Larsen & Toubro (L&T) and the UK-based MBDA, one of the leading global players in missile systems, have set up a joint venture (JV) to develop and supply missiles and missile systems to meet the growing potential requirements of the Indian armed forces. MBDA is jointly held by Airbus Group (37.5 percent), BAE Systems (37.5 percent), and Leonardo (25 percent).

The JV company, named ‘L&T MBDA Missile Systems Ltd’, will operate from a dedicated work centre, which will include pyrotechnical integration and final checkout facilities. The JV, aimed at helping the Indian Government’s efforts to indigenise the defence sector under the