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Ashok Leyland To Partner With US Firm To Develop Defence Systems

Ashok Leyland To Partner With US Firm To Develop Defence Systems
23 March 2016 Current Affairs: Hinduja Group’s Ashok Leyland Defence Systems Ltd (ALDS) has tied up with US-based defence contractor Lockheed Martin Corp. to develop combat vehicles for the Indian Army, the company said in a statement on March22,2016.The base platforms of Lockheed combat vehicles will be used to develop light specialist and light armoured multipurpose vehicles for the Indian Army.“As the largest provider of logistics vehicles to the Indian Army, Ashok Leyland has a strong portfolio in the defence sector. This partnership will not just further India’s ambitions under the Make in India programme, but help us provide robust and meaningful solutions to armed forces across new domains and geographies. We are buoyant about the defence segment, and expect our play to increase manifold,” said Vinod K. Dasari, managing director of Ashok Leyland.With the Indian armed forces looking to modernize their armoured vehicle fleet, there could be more opportunities ahead.“A combination of their (Lockheed Martin) technical expertise and our proven vehicle platforms will enable us to offer versatile solutions to armed forces across segments,” said Nitin Seth, president, light combat vehicles and defence, Ashok Leyland.


January 2017 Current affairs
19 JAN
NEWS
18 JAN
NEWS
17 JAN
NEWS
16 JAN
NEWS
13 JAN
NEWS
12 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
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29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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October 2016 Current affairs
31 OCT
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September 2016 Current affairs
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