10-Feb-2011 Source: Thales
Bangalore, India, 09 February 2011 – Samtel Display Systems Ltd. and Thales Avionics SA are proud to announce the official incorporation of their new Joint Venture company, Samtel Thales Avionics Ltd.
“This is a key step for Thales in India and its ambitious development plan, actively encouraged by the Indian Defence Ministry,†said Yves Joannic, Vice President in charge of Thales Avionics Helicopter activities and one of the Directors of the new company. â€This joint venture with a national industry partner makes Samtel Thales Avionics Ltd. a very credible player for future programmes.â€
Puneet Kaura, Executive Director, Samtel Display Systems said: “Incorporation of Samtel Thales Avionics is an important step in our strategy to cater to the existing and future opportunities in the Indian Defence space. The coming together of Thales’s proven technologies and Samtel’s Indian experience is sure to create positive synergies that will strengthen the industry.â€
The JV company Samtel Thales Avionics Ltd, officially incorporated as of December 28, 2010, is intended to locally develop, customize, manufacture, sell and maintain indigenous Helmet-Mounted Sight and Display Systems and modern Avionics Systems for the Indian and export defence markets.
The core objective of the JV company is to design systems for the Indian Forces’ helicopters and fighters. However, the activity will quickly expand to include other products. Based in Delhi, it will provide the foundation for all future Thales aerospace development in India. The resulting Indian avionics systems will serve customer requirements as part of overall Thales and Samtel solutions. These systems will also be eligible to help Thales meet offset obligations for its different programmes with the Indian Defence Ministry. The JV company will ensure local added value support and integrated maintenance services for the systems it produces for the Indian market.
Samtel Thales Avionics at AeroIndia 2011
Samtel Thales Avionics (STA) will be participating in the AeroIndia exhibition to be held at Bangalore during 9-13 Feb 2011. The STA booth will be within the Samtel booth and will showcase some of the upcoming JV products. Visitors will be able to see mock-ups of the Helmet Mounted Sight Displays,TopOwl and Divy Drishti, as well as a presentation of the Infra Red Search and Track (IRST) system and the Integrated Electronic Standby Instrument (IESI). For more information, visit Samtel Thales Avionics at AeroIndia, Hall E, Stand E-27.
Thales has been operating in India since 1953, participating in the creation of local companies such as:
The Group’s permanent representative offices in, New Delhi, Bangalore, Mumbai, Cochin, zhennai, Gwalior have been operating since 1970 and now employs over 300 people.
About Samtel Display Systems:
Samtel Display Systems (SDS) is a key Indian player in high-technology products for avionics and military applications in both domestic and international markets. SDS straddles the entire value chain from design, development, manufacture, testing, qualification, repair & maintenance and obsolescence management of avionics products and equipment for military as well as commercial aircraft. SDS is a part of the Samtel Group — India’s largest integrated manufacturer of a wide range of displays for television, avionics, industrial and professional applications, glass, components for displays, machinery and engineering services. The group employs 6000 people in nine world-class factories and has an annual turnover of Rs 12 billion (USD 260M). For more information visit www.samteldisplays.com.
About Thales
Thales is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2009, the company generated revenues of €12.9 billion with 68,000 employees in 50 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. www.thalesgroup.com
