Hindustan Aeronautics signs MoU with Saab

The MoU provides for a Maintenance Transfer of Technology, which aligns with the Indian Defence Procurement Procedure. Thus, HAL will gain the capability to manufacture LWS-310 within India.

This includes setting up necessary infrastructure and training programmes and transferring technical expertise from Saab to HAL to ensure long-term support for the system. The agreement builds on a strong partnership between Saab in South Africa and HAL that began in 2005 during the development of the Advanced Light Helicopter programme.

In the quarter gone by, the revenue stood at ₹6956.9 crore, about 14.78% up against ₹ 6060.9 crore recorded during the year-ago period. Profit saw a slight increase of 14.29%to ₹1432.6 crore from ₹1253.5 crore. Operating profit surged to ₹2311.9 crore from the corresponding previous quarter of ₹1893.7 crore.

Hindustan Aeronautics is a Bengaluru-based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade, and servicing of a wide range of products, including aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures.