India’s Larsen & Toubro (L&T) is all set to set-up its aerospace and defence facility at an investment of around Rs.500 crore, in a joint venture with French company MBDA. The facility will work on developing missile system, supply anti-tank guided missiles for coastal batteries and high-speed target drones.

http://www.thehindubusinessline.com/companies/lt-to-invest-500-cr-in-missileintegrated-facility/article9928285.ece