[Freemanlist2] Indian, Israeli Firms Agree to Joint Development By vivek raghuvanshi

Freeman Center For Strategic Studies bernards at sbcglobal.net
Tue May 13 18:18:17 CDT 2008


      Tuesday, May 13, 2008      Indian, Israeli Firms Agree to Joint Development 

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      Indian, Israeli Firms Agree to Joint Development
By vivek raghuvanshi
Published: 13 May 08:46 EDT (04:46 GMT)
www.defensenews.com/story.php?i=3525563&c=MID&s=TOP
   
  NEW DELHI - Tata Advanced Systems, the defense arm of Indian industrial 
house the Tata Group, has agreed to cooperatively develop and manufacture 
advanced defense products in India, including missiles, unmanned aerial 
vehicles, electronic warfare systems and aerospace products with Israel 
Aerospace Industries (IAI).
  Itzhak Nissan, IAI president and chief executive, and Tata Group Chairman 
Ratan N. Tata signed the agreement in Tel Aviv, according to a May 13 
statement.
Related Topics
  India's UAV needs are met by a variety of UAVs from IAI. The Indian defense 
forces have a market of more than 200 UAVs. IAI is also involved in India's 
advanced cruise missile project and air defense projects.
  Sources in the Tata Group said the two companies have plans to cooperate in 
the development of military satellites. The sources said cooperation between 
the two could reach revenues of $10 billion.
  Sources in the Tata Group added that the IAI-Tata tie-up could convert India 
into a major defense hub in this part of the world.
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