Tata Buys Majority Stake in HBL Elta Avionics

Discussion in 'Indian Air Force' started by smartindian, Nov 26, 2010.

  1. smartindian

    smartindian Regular Member

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    NEW DELHI - India's Tata Group of companies has acquired a 74 percent stake in HBL Elta Avionics Systems Ltd. (HELA), a Hyderabad-based company that also has equity from Israeli company Elta.

    Tata Advanced Systems, part of the Tata Group of Industries, bought the stake in HELA, which manufactures radar, electronic warfare and surveillance systems, while the remaining 26 percent remains with Elta, a subsidiary of Israel Aerospace Industries (IAI). The total amount of the transaction is not known.


    This is the Tata group's second joint venture with IAI, as it already has a 74-26 partnership with the Israeli company to manufacture UAVs, electronic warfare systems, missiles, radars and homeland security systems.

    Tata Advanced Systems also has a joint venture with U.S.-based helicopter maker Sikorsky Aircraft to manufacture cabins for Sikorsky S-92 helicopters


    http://www.defensenews.com/story.php?i=5111492&c=AIR&s=TOP&utm_source=twitterfeed&utm_medium=twitter
     
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  3. Rage

    Rage DFI TEAM Stars and Ambassadors

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    Not such a big deal. HELA was already a joint venture between HBL and Elta systems. This will just mean more Indian management.

    I'd like to see HBL get into disaster management. Being such a large country, we still don't have an effective disaster response management system in place.

    A bit off topic, but still worth the note:

    Two great up-and-coming aerospace companies in the defense-related aerospace sector are Axis Aerospace & Technologies, based in Bangalore and Kazi Aerospace, based in Pune.
     

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