Reliance Defence Forms Strategic Partnership with Coastal Mechanics to Address INR 20,000 Crore Defence MRO & Upgrade Opportunity
Reliance Infrastructure Limited promoted Reliance Defence Limited has announced a strategic agreement with Coastal Mechanics Inc., a leading U.S. Department of Defense authorised contractor. The partnership aims to address India’s INR 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity. The joint venture will provide comprehensive MRO and upgrade solutions for Indian fighters aircrafts, helicopters, air & land defence systems. The scope of partnership includes MRO and upgrade for 100+ Jaguar fighter aircrafts, 100+ MIG 29 fighter aircrafts, and the fleet of Apache attack helicopters. Reliance Defence and Coastal Mechanics will also establish a joint venture at MIHAN in Maharashtra to serve both the Indian market and export markets.
Key Highlights
- Reliance Defence and Coastal Mechanics to address India’s INR 20,000 crore defence MRO & upgrade market opportunity
- Joint venture to provide comprehensive MRO and upgrade solutions for Indian fighters aircrafts, helicopters, air & land defence systems
- Scope of partnership includes MRO and upgrade for 100+ Jaguar fighter aircrafts, 100+ MIG 29 fighter aircrafts, and the fleet of Apache attack helicopters
- Joint venture to be set up at MIHAN in Maharashtra to serve both the Indian market and export markets
- Coastal Mechanics is a DoD-approved contractor with access to the full repository of technical data owned by the USG, DoD and the US Army