desidata
20-11-2007, 06:27 PM
Larsen & Toubro Ltd (L&T) has informed the BSE that Raytheon Company of the US has signed a memorandum of understanding with it for the medium multi-role combat aircraft programme.
The MoU represents a step toward establishing a strong working relationship, encouraging pursuit of emerging business opportunities and providing for in-country offset for the MMRCA programme.
"We are looking to develop our relationship and presence here in a more meaningful way over the long term," said Mr Wes Motooka, Vice-President for International Strategy and Business Development for Raytheon Space and Airborne Systems.
"India has a strong pool of talent, so it makes perfect sense for us to combine Raytheon's world-class technology with the best local expertise as we develop capabilities and solutions to support the nation's emerging requirements."
"L&T has worked closely with Indian defence establishments in developing and putting into production a range of advanced systems," said Mr M.V. Kotwal, Senior Executive Vice-President, Heavy Engineering Division, L&T.
"L&T has been a major supplier of critical systems to India's defence and space research sectors for more than three decades. This new agreement will help us induct modern technology and expand our range of high-value offerings in the sector."
The MoU represents a step toward establishing a strong working relationship, encouraging pursuit of emerging business opportunities and providing for in-country offset for the MMRCA programme.
"We are looking to develop our relationship and presence here in a more meaningful way over the long term," said Mr Wes Motooka, Vice-President for International Strategy and Business Development for Raytheon Space and Airborne Systems.
"India has a strong pool of talent, so it makes perfect sense for us to combine Raytheon's world-class technology with the best local expertise as we develop capabilities and solutions to support the nation's emerging requirements."
"L&T has worked closely with Indian defence establishments in developing and putting into production a range of advanced systems," said Mr M.V. Kotwal, Senior Executive Vice-President, Heavy Engineering Division, L&T.
"L&T has been a major supplier of critical systems to India's defence and space research sectors for more than three decades. This new agreement will help us induct modern technology and expand our range of high-value offerings in the sector."