Bengaluru: Bharat Dynamics Limited (BDL) will be signing a Memorandum of Understanding with Thales for setting up manufacturing facilities in India for precision-strike 70mm laser guided rockets (FZ275 LGR). Through the agreement, BDL will become a part of the FZ275 LGR global supply chain, providing the opportunity for export of Indian manufactured components to existing and future 70mm laser guided rockets customers, said a joint statement on Tuesday.
The agreement will also provide the opportunity for BDL to offer a 'Make in India' 70mm laser guided rocket solution for the existing helicopter fleet of Advanced Light Helicopters (WSI) and Light Combat Helicopters of the Indian government, the statement said.
"BDL is uniquely positioned, with dedicated facilities and knowledge in the field of precision guided ammunition to address such an industrial and technology transfer," the statement added.
"Thales is the original equipment manufacturer of FZ275 LGR, the lightest, shortest and most versatile 70mm laser guided rocket on the market with high level of accuracy.. It can be deployed in day and night operations at ranges between 1.5 m up to seven kilometres (on helicopter)", it said.
BDL CMD Siddharth Mishra stated, "Leveraging our long experience in building precision guided ammunition and our diverse industrial expertise, we look forward to reaching new heights of excellence with this partnership and contributing to the prestigious Make in India initiative."
Ashish Saraf, VP and Country Director, India - Thales, said, "In support of the Aatmanirbhar Bharat vision, this collaboration seeks to further develop in-country capability of producing advanced weapon systems such as 70mm laser guided rockets to cater to export markets besides assisting the Indian Armed Forces in their mission to effectively safeguard the nation."
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)