STOCKWATCH
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Aerospace & Defense
Joint Venture29 Jan 2025, 08:59 pm

Apollo Micro Systems & Garden Reach Shipbuilders Sign MoU for Joint Development of Advanced Weapons and Electronic Systems

AI Summary

Garden Reach Shipbuilders & Engineers Limited (GRSE) and Apollo Micro Systems Limited (AMS) have entered into a Memorandum of Understanding (MoU) for a period of five years. The partnership aims to establish a business collaboration for the joint research and development (R&D), co-production, export, and supply of Underwater Weapons & Vehicles, Underwater Mines, Underwater Communication Systems and Air Defence Systems and supply of advanced weapons and electronic systems for both defence and non-defence industries. The collaboration will leverage and enhance the manufacturing infrastructure of both companies to produce critical components and sub-assemblies for these systems, and will also provide services for the modernization and upgrade of existing systems.

Key Highlights

  • GRSE and AMS have signed a MoU for joint development and supply of advanced weapons and electronic systems.
  • The partnership will focus on the development and production of cutting-edge technologies including Underwater Weapons and Vehicles, Underwater Mines and Communication Systems, Air Defence Systems and Vehicles.
  • The collaboration will enhance the manufacturing infrastructure of both companies to produce critical components and sub-assemblies for these systems.
  • The partnership will address the growing demands of the Defence, Aerospace, and Commercial markets, both domestically and internationally.
  • The MoU underscores the commitment of GRSE and AMS to strengthen indigenous capabilities and contribute to national security through innovation in advanced technologies.
APOLLO
Aerospace & Defense
Apollo Micro Systems Ltd

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