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Thales Reliance Defence Systems

A joint venture (JV) between Reliance Aerostructure and Thales India has got the approval from the Competition Commission of India (CCI), to be known as 'Thales Reliance Defence Systems'. Reliance Aerostructure would have 51 per cent stake in the entity and rest with Thales. The JV will leverage Thales offset commitment as part of the Rafale contract, and will develop Indian capabilities to integrate and maintain the radar and electronic warfare sensors. https://economictimes.indiatimes.com/news/defence/reliance-aerostructure-thales-jv-gets-cci-approval/articleshow/63112870.cms

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