Engineering major Larsen & Toubro and Europe's EADS Defence and Security announced on Tuesday the formation of a joint venture company for defence electronics in India.
The new company, which will be based in Palegaon near Pune, would aim at development, design, manufacturing and related services in the fields of electronic warfare, radars, military avionics and mobile systems for military requirements of Indian customers as well as the world market.
The formation of the joint venture is subject to approval by the Indian government.
EADS is a global leader in aerospace, defence and related services.
