Tatas sign pact with Israel aerospace firm

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Press Trust of India Posted: May 14, 2008 at 2320 hrs IST

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Mumbai, May 13 : Tata group company Tata Advanced Systems (TASL) and Israel Aerospace Industries (IAI), have signed a framework agreement for cooperation in the development, manufacturing, marketing and support of defence products in the country. The agreement covers a wide range of defence and aerospace products including missiles, radars, electronic warfare systems and home-land security systems. The framework agreement for cooperation was signed by Tata Sons’ chairman Ratan Tata and IAI’s president and CEO Itzhak Nissan. An agreement for establishing a joint venture company in the country would be signed between the parties shortly, a release stated. A TASL spokesperson said: “This agreement between Tata and IAI is a significant part of our strategy to build capabilities in defence and we look forward to having the JV company become a leading Indian defence company in the future.”

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