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Saab Partners with HAL to Manufacture Laser Warning System in India

Written by: Kusum KumariUpdated on: Feb 14, 2025, 2:32 PM IST
Saab signs MoU with HAL to produce LWS-310 in India, boosting defence self-reliance. The system enhances threat detection and protection for combat vehicles.
Saab Partners with HAL to Manufacture Laser Warning System in India
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Global defence company Saab has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to collaborate on the Electronic Warfare Laser Warning System-310 (LWS-310). This agreement strengthens the long-standing partnership between Saab’s South African division and HAL, which began in 2005 during the Advanced Light Helicopter program.

Technology Transfer to India

As part of the MoU, Saab will transfer technology to HAL, enabling it to manufacture the LWS-310 system in India. This aligns with India’s Defence Procurement Procedure and promotes self-reliance in defence manufacturing. The agreement includes setting up the necessary infrastructure, training HAL engineers, and transferring technical knowledge to ensure long-term system support.

Commitment to Localisation

Saab India’s Chairman and Managing Director, Mats Palmberg, highlighted the company’s commitment to localisation by partnering with an Indian firm. He emphasised that this would ensure a secure and reliable system supply to support the Indian armed forces.

Enhancing Defence Capabilities

The LWS-310 system provides rapid threat detection and classification, allowing combat management systems to deploy effective countermeasures against laser-based threats. This enhances situational awareness and self-protection for combat vehicles, making them more resilient in modern warfare scenarios.

About Hindustan Aeronautics Limited

Hindustan Aeronautics Limited (HAL) is a state-owned aerospace and defence company based in Bengaluru, India. Founded on December 23, 1940, it is one of the world’s oldest and largest manufacturers in the sector.

As of February 14, 2025, at 10:02 AM IST, HAL share price is trading at ₹3,636.85, down ₹23.45 (0.64%) for the day. The stock opened at ₹3,700, reached a high of ₹3,717.90, and a low of ₹3,620.25. HAL has a market capitalisation of ₹2.43 lakh crore, a P/E ratio of 27.97, and a dividend yield of 0.96%. The stock’s 52-week high is ₹5,674.75, while its 52-week low is ₹2,855.30.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 14, 2025, 10:37 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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