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New Delhi. US defence major Raytheon Company has inked a pack with
an Indian firm to forge strategic alignments that jointly develop and provide
superior communications technology for India’s military forces, it was announced
Tuesday. The pact with Precision Electronics Limited (PEL) represents
another step towards establishing a strong collaborative working relationship,
encouraging joint pursuit of emerging business opportunities, and providing for
in-country production, offset and long-term support, a Raytheon statement
said. “This
agreement will pave the way for more exchanges of communications technology and
business know-how between India and Raytheon, it added, without revealing
financial details.
This strategic alignment makes good business sense
for Raytheon, PEL and our common partners, as well as for India and its military
forces, said Gregory Vuksich, vicepresident of Raytheon Network Centric
Systems International Business Development. Our Indian associates
at PEL are highly respected, proven technology suppliers who bring complementary
capabilities, creativity and innovation of great value to India’s military forces,”
he added. "Forming these relationships is a critical aspect of Raytheons
approach to building a team committed to providing the best high technology electronics
solutions for Indias military, Vuksich said. PEL is a market
leader in India providing communications solutions to both the military and civil
sectors. It is backed by a strong design and engineering team and a defence ministry
approved manufacturing infrastructure. Raytheon Company, with 2007 sales
of $21.3 billion, is a technology leader specialising in defence, homeland security
and other government markets throughout the world. With a history of innovation
spanning more than 85 years, Raytheon provides state-of-theart electronics, mission
systems integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a broad
range of mission support services. |