Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3922.00
109.00 (2.86%)
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L&T, ideaForge sign MoU to offer drones, allied systems

Date: 07-02-2020

Larsen & Toubro (L&T) and ideaForge have entered Memorandum of Understanding (MoU) to offer drones and allied systems for defence use. Both the companies will combine their strengths to offer hi-tech, integrated drone solutions to enhance security and surveillance. They will also offer anti-drone solutions to counter the threat of malicious or unintended usage of drones.

The MoU involves collaboration on technology, products, deployment and go-to-market strategies. It will unlock the full potential of unmanned systems in security, surveillance and protection solutions. With the ever-increasing adoption of drone technology, the L&T and ideaForge partnership will redefine the landscape of unmanned systems.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.