L&T MBDA Missile Systems (LTMMSL), a joint venture between Larsen & Toubro (L&T) and MBDA, a world leader in missile systems, has set up a Missile (inert*) Integration facility.
With an eye on domestic and global markets, LTMMSL has set up the assembly, inert integration (without explosives) and testing facility for Missile Sub-systems and Missile Weapon Launch Systems spread across an area of 16,000 sq. meter in a Special Economic Zone at Coimbatore.
It forms a part of the Tamil Nadu Defence Industrial Corridor.
Founded in 2017, LTMMSL has received a few export orders and the new facility shall start delivering sophisticated weapon systems using state-of-the-art test equipment such as Missile Launchers and Airframe segments, including control actuation units, from CY 2020.
LTMMSL will build complete Missile Systems for the Indian Armed Forces exploring prospects under the Buy (Indian – IDDM), Buy (Indian), and Buy & Make (Indian) categories for Defence Procurement.
L&T owns 51% stake in LTMMSL and MBDA owns 49%, thus fully complying with India’s Foreign Direct Investment (FDI) policy.
*’Inert’ refers to systems integration process without explosive component of the missile systems being handled at the facility.
Source: Capital Market
Image Courtesy: The Economic Times
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