9-Feb-2011 Source: HeliHub.com
Russia’s Rosoboronexport and India’s Axis Aerospace & Technologies Pvt. Ltd. have announced the signing of an initial agreement to form a joint venture for aerospace and defense business.
The JV will also work in design, production and integration of avionics systems, including production of Russian avionics under licence in India.Â It would focus on areas such as making avionics equipment for MiG-35, Sukhoi SU-30, MiG-29 fighter jets as well as Mi-17, Mi-28, Kamov 28 helicopters.
“This JV once it is formed would be the perfect vehicle to support indigenous efforts to develop, support and upgrade avionics and other types of equipment for Russian origin defense product,” said Ravi Narayanan, chief executive of Bangalore-based Axis Aerospace.