SP's MAI Issue No. 4 | February 16-28, 2013 - Corporate Updates
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CORPORATE
BEL inks MoU with Elbit at Aero IndiaNavratna defence PSU the Bharat Electronics Ltd (BEL) signed a memorandum of understanding (MoU) with Elbit Systems Electro-optics-Elop Ltd, Israel...
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CORPORATE
CAE reports higher revenuesCAE reported financial results for the third quarter ended December 31, 2012. Net income attributable to equity holders was Canadian $37.8 million ($0.15 per share) this quarter, compared to $45.6 million ($0.18 per share) last year.
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CORPORATE
Rockwell Collins signs agreement with Tata Power Strategic Engineering DivisionRockwell Collins, a world leader in software defined radio technology, and Tata Power Strategic Engineering Division (Tata Power SED), a proven and well-established system integrator in the Indian defence industry...
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CORPORATE
Sagem creates Indian subsidiary, Sagem Services IndiaSagem (Safran), the European leader in navigation, optronics and avionics systems and equipment and safety-critical software, has created Sagem Services India Private Ltd, a whollyowned subsidiary that will be headquartered in New Delhi.
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CORPORATE
Statement on Mahindra and Mahindra and BAE Systems joint ventureSince the establishment in 2009 of the Mahindra & Mahindra (74 per cent) and BAE Systems (26 per cent) Joint Venture, Defence Land Systems India (DLSI), there has been significant evolution in the Indian Land Systems market.
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CORPORATE
Bulova Technologies ties up with United DronesBulova Technologies Group, Inc. (BLVT) has signed an agreement with United Drones, LLC of Naples Florida to market the United Drones product line of unmanned aerial vehicles, unmanned ground vehicles, and armoured tactical command centres.
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CORPORATE
Avibras joins Harpia Systems to develop UAS market in BrazilEmbraer Defense and Security and its affiliate AEL Systems, Inc., a subsidiary of the Israeli company Elbit Systems Ltd, announce the entrance of Avibras Air and Naval Division, Inc., in the capital structure of Harpia Systems, Inc., so as to jointly develop the market for unmanned aircraft systems in Brazil.
