IAI and Tata joint venture
Itzhak Nissan, IAI’s President and CEO, and Ratan N. Tata, Chairman Emeritus of Tata Sons, have signed a memorandum of understanding (MoU) to establish a joint venture company in India. The new company will develop, manufacture and support a wide range of defence and aerospace products, including missiles, UAVs, radars, electronic warfare systems and homeland security systems. The MoU for the joint venture was signed earlier.
The new JV company will also perform offset work for IAI and other defence and aerospace programmes in India, and will establish indigenous capabilities to support IAI’s Indian customers.