Joint military production

Israeli government-owned Rafael Advanced Defense Systems Ltd. and Indian company Kalyani Group today announced an agreement to establish a joint venture to produce missile systems, remotely controlled weapons positions, and advanced systems for the protection of tanks and APCs. Kalyani will own 51% of the new company, and Rafael 49%.

Kalyani has a $2.5 billion annual turnover and 12,000 employees, and owns companies active throughout the world in defense, iron engineering, automation, and renewable energy.

Rafael sets up joint venture with India's Kalyani