Indo-Asian News Service

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Indian, Russian firm plan JV for defense avionics

Axis Aerospace and Technologies (AAT) and Russian defense exporter FGUP Rosoboronexport Monday announced they have signed an agreement to start a joint venture focusing on avionics for the front line Sukhoi SU-30 and MiG-29 fighter jets of the Indian Air Force (IAF), besides military helicopters .

L&T, Cassidian to launch JV on Thursday

India’s engineering major Larsen and Toubro (L&T) and European consortium EADS’ military arm Cassidian will kick-start their new joint venture in defense electronics in the next two days with their proposal getting the nod from both the commerce ministry’s Department of Industrial Policy and Promotion (DIPP) and the Defense Ministry.