Israel Aerospace Industries (IAI) has inked a significant deal to purchase Indian MRO services provider HELA Systems Private Limited, an Indian subsidiary of ELTA Systems Ltd.
This latest round of acquisition shows the high trust levels placed by Israel in India, as a strong friend and defence partner.
Moreover, the investment in aerospace services in India is also a strong testament to IAI’s support of the initiative of the Indian government: Make in India or Atmanirbhar Bharat initiative.
This initiative is set to propel India’s aerospace capability and its commitment to strengthening its defence capabilities.
The role of the Indian company is to provide MRO (Maintenance, Repair and Overhaul) product support and guidance for ELTA systems along with testing and providing technical services, including yearly maintenance contracts and supply of spares to Indian defence customers.
HELA will work from its large and high-tech base out of one of India’s fastest-growing industrial belts: Hyderabad.
HELA’s excellence in the management and technical team comes with experts in the fields of ‘radio frequency and microwave specialists’ who are specialists with cutting-edge technologies and working with futuristic military applications.
Moreover, HELA is one of India’s standard-setting companies, ready to serve as India’s armed services suppliers and also other defence and relevant organizations in the Republic.
11/07/2023 Indy Udol/Aviation Source News
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