Javelin Joint Ven­ture signs Letter of In­tent with In­dia’s Tata Power

SP's LandForces - - NEWS IN BRIEF -

THE JAVELIN™ JOINT VEN­TURE team, a part­ner­ship be­tween Raytheon Com­pany (NYSE: RTN) and Lock­heed Martin (NYSE: LMT), signed a letter of in­tent (LOI) with Tata Power Com­pany Limited op­er­at­ing through its Strate­gic En­gi­neer­ing Di­vi­sion (SED), to ex­plore co-de­vel­op­ment and pro­duc­tion of the Javelin anti-ar­mour mis­sile sys­tem. “This agree­ment brings to­gether three world lead­ers in aero­space and de­fence tech­nol­ogy to ex­tend Javelin to new cus­tomers, new ap­pli­ca­tions and new plat­forms,” said John Halvey, Javelin Joint Ven­ture Pres­i­dent at Raytheon Mis­sile Sys­tems. “With this deal, we are also re­in­forc­ing our con­tin­ued sup­port of the ‘Make in In­dia’ ini­tia­tive.”

As part of the LOI, the Javelin Joint Ven­ture (JJV) and Tata Power SED will cre­ate a strat­egy to co-develop and pro­duce the Javelin mis­sile sys­tem and in­te­grate plat­form mounts to meet In­dian re­quire­ments. This in­cludes ground com­bat ve­hi­cle, dis­mounted in­fantry and ro­tor­craft ap­pli­ca­tions.

“The com­bat-proven Javelin con­tin- ues to ful­fill a crit­i­cal pre­ci­sion-strike role with our do­mes­tic and in­ter­na­tional part­ners,” said Rich Ben­ton, Javelin Joint Ven­ture Vice Pres­i­dent and Javelin Pro­gram Di­rec­tor at Lock­heed Martin Mis­siles and Fire Con­trol. “We look for­ward to work­ing with Tata Power SED to max­imise the ver­sa­til­ity and lethal­ity of Javelin on these new plat­forms.”

In ad­di­tion to meet­ing the Gov­ern­ment of In­dia’s ‘Make in In­dia’ ob­jec­tives, the LOI es­tab­lishes a frame­work for fu­ture tech­no­log­i­cal co­op­er­a­tion be­tween the Javelin Joint Ven­ture and Tata Power SED.

“Since the early 1980s, Tata Power SED has es­tab­lished its R&D and ‘Make in In­dia’ cre­den­tials, as part of Dr. Kalam’s In­te­grated Guided Mis­sile De­vel­op­ment Pro­gram,” said Rahul Chaudhry, Chief Ex­ec­u­tive Of­fi­cer at Tata Power SED. “Now, our part­ner­ship with the JJV will bring the world’s best tech­nol­ogy to our sol­diers en­abling battlefield supremacy. In­dian in­dus­try will ben­e­fit im­mensely from the depth and range of this planned tech­nol­ogy trans­fer and co-de­vel­op­ment.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.