ELI- 3150 (Photo: IAI)
Israel Aircraft Industries (IAI) is growing with new acquisitions. The firm signed a deal to acquire HELA Systems Private Limited, an ‘Indian subsidiary’ of ELTA Systems Ltd. IAI said that its investment in Aerospace Services India is a strong demonstration of IAI’s support for the Indian government’s Atmanirbhar Bharat (Make in India) vision. The current deal also shows IAI’s commitment to its strong partnership with India’s DRDO in developing and supporting advanced systems for India’s Armed Forces.
The terms of the deal were not revealed.
HELA Systems Private Limited is a joint venture company of TATA Advanced Systems, India and ELTA Systems Ltd. The firm manufactures radar and electronic warfare systems, and installs and maintains acquisition and missile guidance radars, among other defense products and services.
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ELTA Systems is an IAI subsidiary that develops advanced defense and intelligence electronics, including sensors, radars, electronic warfare and communication systems.
IAI said HELA will provide full Maintenance, Repair and Overhaul product support for ELTA Systems, as well as testing and technical services including annual maintenance contracts and supply of spares to Indian defence customers.
The company has a large facility in Hyderabad’s fast-growing industrial belt. HELA’s management and technical team comprise radio frequency and microwave specialists, familiar with cutting-edge technologies and working on futuristic military applications. In addition, they are well-versed with the relevant industry standards to serve India’s armed services as well as India’s other defence organizations.
Boaz Levy, IAI’s President and CEO said, “IAI conducts a wide range of collaborative activities and acquisitions throughout the world as part of the company’s strategy. IAI supplies advanced and operationally-proven systems for marine, land, air, and space use, and works closely with India’s Armed Forces to develop and produce advanced technologies. For the past 30 years, IAI has built close partnerships in India developing and providing Indian customers with a variety of strategic platforms, including air and missile defense systems, unmanned aerial systems, satellites, radars, and training platforms.”
