Kalyani Strategic Systems Ltd (KSSL), a subsidiary of Bharat Forge Limited, will expand its partnership with Israel Aerospace Industries (IAI). The two companies signed a memorandum of understanding (MoU) on this as part of Prime Minister Narendra Modi’s visit to Israel earlier this week.
The new MOU covers the establishment of a maintenance centre for select advanced air defence systems in Hyderabad. The two companies have also agreed on expanding their joint operations for development, manufacturing, and marketing of precision ammunition systems. In February 2017, IAI had inked an MOU with KSSL on establishing a joint-venture that will develop, build, market,
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