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Hindustan Aeronautics enters into MoU with Israel Aerospace Industries

06 Apr 2022 Evaluate

In a move aimed at bolstering the 'Make in India' campaign, Hindustan Aeronautics (HAL) has entered into an MoU with Israel Aerospace Industries (IAI) to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. Under the pact signed recently, HAL will convert pre-owned Civil (Passenger) aircraft into air refueling aircraft with cargo and transport capabilities.

The move will provide India's defence ecosystem with new capabilities and cost effective solutions in the market. The MoU will facilitate HAL and IAI's decades' long expertise in developing, manufacturing and producing leading defence platforms. The scope of MoU also covers ‘passenger to freighter aircraft’ conversion along with MMTT conversions.

Hindustan Aeronautics 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. 4614.95
Bharat Electronics 383.50
Aequs 274.00
Astra Microwave Prod 1621.00
Axiscades Tech. 2312.00
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