Prashant12
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Kalyani Rafael JV receives $100 million missiles contract
Kalyani Rafael Advanced Systems Ltd, a joint venture between Israel-based Rafael Advanced Systems and Pune's Kalyani Strategic Systems Ltd, has won a $100 million missiles order fro the Indian Army and the Air Force, the company said in a news release.
Bharat Forge owns a 51 percent stake in Kalyani Strategic Systems.
As part of the contract, Kalyani Rafael Advanced Systems will manufacture 1,000 BARAK-8 MRSAM missiles' kits for the Indian defence forces.
The company said, "Keeping with its commitment to ‘Make-in-India’, the JV partners have invested in best in class production facilities, state of the art engineering services, and extended Life cycle support (MRO) for systems supplied to Indian Defence force."
KRAS plans to ramp up its employee strength to 300 by the year 2023 to meet this order, according to the news release.
https://www.cnbctv18.com/infrastruc...ves-100-million-missiles-contract-3968781.htm
Kalyani Rafael Advanced Systems Ltd, a joint venture between Israel-based Rafael Advanced Systems and Pune's Kalyani Strategic Systems Ltd, has won a $100 million missiles order fro the Indian Army and the Air Force, the company said in a news release.
Bharat Forge owns a 51 percent stake in Kalyani Strategic Systems.
As part of the contract, Kalyani Rafael Advanced Systems will manufacture 1,000 BARAK-8 MRSAM missiles' kits for the Indian defence forces.
The company said, "Keeping with its commitment to ‘Make-in-India’, the JV partners have invested in best in class production facilities, state of the art engineering services, and extended Life cycle support (MRO) for systems supplied to Indian Defence force."
KRAS plans to ramp up its employee strength to 300 by the year 2023 to meet this order, according to the news release.
https://www.cnbctv18.com/infrastruc...ves-100-million-missiles-contract-3968781.htm