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Hindustan Aeronautics inks MoU with DTL, IAI to manufacture, sell drones

06 Feb 2020 Evaluate

Hindustan Aeronautics (HAL) has inked Memorandum of Understanding (MoU) with Dynamatic Technologies (DTL) and Israel Aerospace Industries (IAI) at DefExpo 2020 to manufacture and sell drones.

This collaboration will provide an excellent opportunity to the company to expand its product offerings to defence customers, absorb critical technologies and strengthen the aerospace ecosystem in the country, especially for UAV.

HAL is 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.

Peers
Company Name CMP
Hindustan Aeronaut. 4670.00
Bharat Electronics 387.00
Aequs 271.60
Astra Microwave Prod 1655.00
Axiscades Tech. 2072.80
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