MBDA MISSILE SYSTEMS AND LARSEN & TOUBRO

A JV will be launched by MBDA Missile Systems and Larsen & Toubro in order to develop missile-based solutions for India’s armed forces. Called L&T MBDA Missile Systems Limited, the venture will collaborate with the DRDO to supply fifth-generation anti-tank guided missiles and highspeed target drones. The partnership will see L&T own 51 per cent while MBDA will own the remaining 49 per cent.