NEW DELHI — BAE Systems has withdrawn from the joint venture Defense Land Systems India (DLSI), with Indian partner Mahindra buying out the company’s 26% stake and taking sole ownership. “Since the establishment in 2009 of the joint venture, DLSI, there has been significant evolution in the Indian land systems market,” says an official Mahindra & Mahindra’s defense unit. “Developments in both the industry environment and in customer procurement frameworks and acquisition strategies ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "BAE Drops Out Of Indian Land Systems Venture".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.