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India’s OIS Aerospace sign two JV with French companies

Indian firm OIS Aerospace Group has entered into two joint ventures with French companies Rafaut and LH Aviation. The first JV with Rafaut, will make 'pile-ons' for the fighter aircrafts to carry the weapons, besides conducting further research and developments to make the product more advanced and suitable as per the requirements in India. The second JV with LH Aviation will set up a separate manufacturing plant in India for multi-sensor tactical UAV fighter aircraft that can fly up to 24 hours.

Source: http://economictimes.indiatimes.com/news/defence/make-in-india-ois-aerospace-signs-defence-jvs-with-french-firms-rafaut-lh-aviation/articleshow/47677530.cms

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