Larsen & Toubro, MBDA JV Sets Up Missile Facility in Tamil Nadu, India
By P.R. Venkat
A joint venture between India's Larsen & Toubro Ltd.
(500510.BY) and European missile manufacturer MBDA has established
a missile integration facility in Tamil Nadu, India.
The joint venture, L&T MBDA Missile Systems, set up the
16,000-square-meter assembly, integration and testing facility for
missile subsystems and missile weapon launch systems in a special
economic zone in Coimbatore city, the companies said in a statement
L&T MBDA has received a few export orders and the new
facility will start delivering weapon systems such as missile
launchers and airframe segments, including control actuation units,
from 2020, according to the statement.
The joint venture will also build missile systems for the Indian
L&T holds a 51% stake in the joint venture, while MBDA owns
MBDA is 37.5% held by Airbus SE (AIR.FR), 37.5% by BAE Systems
PLC (BA.LN) and 25% by Leonardo SpA (LDO.MI).
Write to P.R. Venkat at firstname.lastname@example.org
(END) Dow Jones Newswires
February 03, 2020 01:05 ET (06:05 GMT)
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