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Home / News / World News / Tata Power signs deal with Lockheed Martin JV
  • World

    Tata Power signs deal with Lockheed Martin JV

    Sneha Johny
    Written by
    Sneha Johny
    Mail
    Last updated on Sep 02, 2016, 09:08 am
    Tata Power signs deal with Lockheed Martin JV
  • Lockheed Martin's joint venture company with Raytheon, Javelin Joint Venture, signed a deal with Indian power conglomerate Tata Power.

    The deal was inked to explore opportunities to develop and produce the joint venture's missile system, called the Javelin anti-armour missile system.

    The companies signed the letter of intent, bringing the defense leaders to help produce improved missile systems for Indian conditions.

  • In this article
    Tata Power Lockheed Martin-Raytheon JV Tata Power signs deal with Lockheed Martin JV Raytheon targets India's 'Make in India' initiative Specifics of the Tata Power- Lockheed Martin JV deal Javelin system looks to revamp military systems
  • About

    Tata Power

    Tata Power
  • Tata Power is one of India's leading electric companies based in Mumbai, part of the Tata Group conglomerate.

    Started in 1911, the company now has garnered revenues of over $5 billion.

    Tata Power has increased operations to multiple other countries, including India, Singapore, Indonesia, Bhutan and South Africa.

    Its domestic operations is spread across 35 different locations in India.

  • About

    Lockheed Martin-Raytheon JV

    Lockheed Martin-Raytheon JV
  • Lockheed Martin is one of the world's biggest defense and aerospace company that supplies and develops materials for aeronautics and security systems.

    Raytheon Company is an American defense and military system contractor, with major interests in space and missiles development.

    The two companies partnered to form the Javelin Joint Venture, to develop anti-armour weapon system, providing military customers medium-range missiles.

  • 02 Sep 2016

    Tata Power signs deal with Lockheed Martin JV

    Tata Power signs deal with Lockheed Martin JV
  • Lockheed Martin's joint venture company with Raytheon, Javelin Joint Venture, signed a deal with Indian power conglomerate Tata Power.

    The deal was inked to explore opportunities to develop and produce the joint venture's missile system, called the Javelin anti-armour missile system.

    The companies signed the letter of intent, bringing the defense leaders to help produce improved missile systems for Indian conditions.

  • Quote

    Raytheon targets India's 'Make in India' initiative

  • "This agreement brings together three world leaders in aerospace and defense technology to extend Javelin to new customers, new applications and new platforms. With this deal, we are also reinforcing our continued support of the 'Make in India' initiative." Raytheon Missile Systems.

  • 02 Sep 2016

    Specifics of the Tata Power- Lockheed Martin JV deal

    Specifics of the Tata Power- Lockheed Martin JV deal
  • The Javelin missile system is touted to one of the most compact missiles that is developed for a single soldier operating across various environments.

    The deal will see the American companies and India's Tata Power develop strategies that will help enable production of the same Javelin system in platforms across India.

    It is currently used by the U.S. Army and the U.S. Marine Corps.

  • Quote

    Javelin system looks to revamp military systems

  • "The combat-proven Javelin continues to fulfil a critical precision-strike role with our domestic and international partners. We look forward to working with Tata Power SED to maximize the versatility and lethality of Javelin on these new platforms," said Rich Benton, Javelin Joint Venture Vice President.

  • India
  • South Africa
  • Tata Power
  • Lockheed Martin
  • Marine Corps
  •  
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