Astra, Rafael JV for defence communication systems

India’s Astra Microwave Products Ltd and Israel’s Rafael Advanced Defence Systems Ltd has entered into a Joint Venture (JV) to build tactical radio communication systems, electronic warfare systems and signal intelligence systems. In Joint Venture Company Astra and Rafael will own 51:49 percent, about $20 million is expected to be invested in the first two years in the joint venture company.

Source: http://www.livemint.com/Companies/RPA6z4IGNfxkHI0IR8pFOJ/Hyderabads-Astra-Israels-Rafael-tie-up-for-defence-commun.html

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