“Defense News”: Elbit Systems in Indian upgrade
Elbit Systems is seen providing EW systems and other avionics through a joint venture with Hindustan Aeronautics.
Erez Wollberg 30 Jul 07 15:10
“Defense News” reports that Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) will probably provide avionics in the upgrade of 51 Indian Air Force Mirage 2000-H fighter jets as a subcontractor for Hindustan Aeronautics Ltd. (HAL).
“Defense News” says, “Although the contract has not yet been signed, officials with HAL, prime contractor for the $1 billion upgrade program, said Elbit has been selected to supply electronic warfare systems and other avionics.”
“Defense News” adds that parts of the integration and software tasks will be performed in Bangalore by Halbit Avionics, an equity partnership struck early this year between HAL and Elbit Systems. HAL holds half of Halbit, Elbit Systems holds 26% and Merlinhawk Ltd., a Bangalore consulting firm, 24%.
“Defense News” quotes an HAL executive as saying that France’s Dassault will be another subcontractor, and has made a commitment with Elbit Systems to supply non-avionics components, including upgrades to the airframe, non-avionics systems and the engine. Elbit Systems has been engaged in the upgrade of several types of MiG aircraft and has integrated R-73 beyond-visual-range (BVR) missiles in the Mirage 2000-H.
“Defense News” quotes an Indian Ministry of Defence official as saying that the upgrade program will be completed in five years and will include building a prototype aircraft in India in collaboration with the Indian Air Force, HAL and Dassault. Thales of France and state-owned, Bangalore-based Bharat Electronics also will be involved in the program, which is expected to win final contract approval this year.
Published by Globes [online], Israel business news - www.globes.co.il - on July 30, 2007
