M&M,BAE Systems announce 'strategic' review of Defence land systems JV

[Defcon 1]

Mahindra & Mahindra (M&M) and BAE Systems have announced a strategic review of their Indian joint venture (JV), prompted by what they have said has been a "significant evolution" in the Indian land systems market.

The two companies said on 23 January that "developments in the industry environment and in customer procurement frameworks and acquisition strategies have led the shareholders to institute a strategic review of the business".

The statement added that the strategic review will assess "any changes necessary to address the evolving market and to meet emerging customer requirements". It also said that the two companies had not made any decision on the future of the JV.

M&M and BAE Systems did not explain the reasons for the review and spokespersons from both companies did not elaborate when asked to comment on the matter by IHS Jane's .

The M&M-BAE Systems JV is named Defence Land Systems India (DLSI) and was formally established in Faridabad, near New Delhi, in 2009.

M&M, BAE Systems announce 'strategic' review of Indian land systems joint venture

The above article is not complete. If anyone has an account on Janes, please download the complete article and post here. Thanks

 

[cloud_9]

Re: M&M,BAE Systems announce 'strategic' review of Defence land system

The Union Minister for Commerce & Industry and Textiles, Shri Anand Sharma meeting the Chairman, BAE Systems, Mr. Richard Olver, at the India Adda, Davos on January 23, 2013.

I think they are upto something :thumb:

 

[sasi]

Re: M&M,BAE Systems announce 'strategic' review of Defence land system

Business Line : Industry & Economy News : UK's General Dynamics upbeat on India
The company is bidding for several big contracts in the Indian defence and security market.
General Dynamics, the global defence and security major, will follow a strategy of indigenising technology capabilities in India through a technology transfer approach.
The company is bidding for several major contracts in the Indian defence and security market. It has also forgeda strategic partnership with the Tandon Group, Mumbai.
General Dynamics, UK, signed a £4.9 million, 7-year contract with the Hindustan Aeronautics Ltd(HAL), one of its first contracts in India, to support the Indian Air Force's fleet of Hawk aircraft in 2011. Part of the contract was to ensure the transfer of technology. In keeping with this commitment, a batch of engineers from HAL completed a 10-week training programme in the UK, said Wayne Beck, Head of International Partnerships, General Dynamics, UK.
Weapons management
The entire weapons management programme of the IAF and Navy's Hawk MK 132 aircraft are being provided by the company.
Beck, who is in Hyderabadas part of a major business delegation from the UK on security, led by the Minister for Security James Brokenshire, told Business Line that the company is keen to participate in projects likethe BMS (Battlefield Management System), TCS(Tactical Communications Systems project) of the Indian Army, and the FINSAS(future infantry soldier) of the Indian defence sector.General Dynamics, UK, will also establish an overhaul capability to provide 3rd and 4th line servicing for the aircraft's Stores Management Systems (SMS), which includes two Weapons Control Panels and one Weapons Programming Unit.
The company is working with the Ministry of Home Affairs to explore opportunities in several communication and security initiatives. "In collaboration with Tandon Group, we are ready to offer technology in various areas like port, border security, surveillance for police to counter terror and build national communication security infrastructure, " said Beck, who is also theIndia Head of the company.
A leading counter terror capability for example is arange of optical devices that include an optical camera vision with range of 20 km. There are minute camera's which canbe buried in strategic locations to track terror movements .
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UK interested to share technology is good. However i am not comfortable with UK forming jv especially in communication areas like BMS,TCS and FINSAS.
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[SPIEZ]

Re: M&M,BAE Systems announce 'strategic' review of Defence land system

M&M are a very steady good company.

Their work in Satyam is an example. Their outlook towards emerging and possible markets is also quite praise-worthy.

Their stand in the Defense market will bring only good to both the market products and investors.