As per news report, the Tata group’s Defence and Aerospace arm, Tata Advanced Systems (TASL), has forged a JV with Lockheed Martin Corporation to manufacture defence equipment and aircraft parts in India. TASL is a wholly-owned subsidiary of Tata Sons. The JV will have 26% stake for Lockheed Martin . Indian partner will hold the rest.
The proposal submitted by TASL to the FIPB stipulates that Lockheed Martin Aeroframe Corporation (LMAC), wholly-owned subsidiary of Lockheed Martin , will invest Rs 42.82 Crore in the proposed JV for 26% stake.
Tata Aerostructures Ltd, the JV company in India, will design, develop and manufacture Aerospace and Aerostructure products.
The Indian partner will bring in Rs 121.87 Crore.
There is an export potential of $200 million (Rs 920 Crore) over a period of five years in this JV.
Svipja Technologies
The proposal submitted by TASL to the FIPB stipulates that Lockheed Martin Aeroframe Corporation (LMAC), wholly-owned subsidiary of Lockheed Martin , will invest Rs 42.82 Crore in the proposed JV for 26% stake.
Tata Aerostructures Ltd, the JV company in India, will design, develop and manufacture Aerospace and Aerostructure products.
The Indian partner will bring in Rs 121.87 Crore.
There is an export potential of $200 million (Rs 920 Crore) over a period of five years in this JV.
Svipja Technologies
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