NEW DELHI — BAE Systems has withdrawn from the joint venture Defense Land Systems India (DLSI), with Indian partner Mahindra buying out the company’s 26% stake and taking sole ownership.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 ...


"BAE Drops Out Of Indian Land Systems Venture" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.