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SP's MAI Issue No. 12 | June 16-30, 2012 - Corporate Updates

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    CORPORATE
    HAL to invest Rs. 600 crore in new unit

    Hindustan Aeronautics Limited (HAL) plans to invest Rs. 600 crore to establish a unit for manufacture of ‘new fighter aircraft’ and ‘engine production’ at Chellaghatta, adjacent to HAL Airport in Bangalore.

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    CORPORATE
    ST Kinetics and Paramount Group collaborate on armoured wheeled vehicles

    ST Kinetics and Paramount Group have announced a strategic collaboration to market a family of high mobility armoured wheeled vehicles.

  • CORPORATE
    Lockheed Martin reaches strategic supply chain agreement

    Lockheed Martin signed a new strategic enterprise agreement with Arrow Electronics covering procurement of more than 22,000 electronic components used in advanced technology systems such as missiles, satellites, radar systems, tactical fighter aircraft and unmanned surveillance systems.

  • CORPORATE
    Sagem acquires Brazilian company Optovac

    Sagem (Safran group) announced at the Eurosatory land defense exhibition that it has signed an agreement to acquire Optovac Mecânica e Optoeletrônica Ltd, a Brazilian company specialised in optronics and night vision equipment.

  • CORPORATE
    Piramal Healthcare to invest in BlueBird

    Indian pharmaceutical giant Piramal Healthcare is to invest in Israeli unmanned air systems manufacturer BlueBird.

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