LE BOURGET, France --- Sagem Defense Sécurité (SAFRAN Group) and Hindustan Aeronautics Ltd (HAL) have announced an agreement signed on June 20th, during the International Paris Air Show at Le Bourget, aiming to setting up a joint venture in India for production and maintenance of inertial navigation systems and automatic flight control systems.
The agreement has been signed between Mr AK Baweja (Chairman HAL) and Mr JP Herteman (Chairman and CEO Sagem Défense Sécurité), in presence of Mr KP Singh (Secretary Defence Production), and Mr JP Béchat, (Chief Executive Officer, SAFRAN Group).
The joint venture will be established subject to final approval of both government authorities.
This agreement paves the way of a long term partnership of Sagem Défense Sécurité and Hindustan Aeronautics Ltd to address current and future programmes on the Indian and international markets.
Sagem Défense Sécurité is a high-technology company in the SAFRAN Group. As a leading European defense and security electronics company in Europe, its business covers three main fields: navigation and aeronautics systems, where it is the world leader in helicopter flight control; optronics and air-land systems, where it is the European leader in surveillance and fire-control optronics; and the field of security, where it is the world leader in fingerprint-based biometrics.
Its equipment and integrated systems are used worldwide, helping to ensure air transport safety, secure data transmission, personal security and governmental defense capabilities at the highest level. Through the SAFRAN Group, Sagem Défense Sécurité is present on all continents.
Hindustan Aeronautics Ltd (HAL) is a premier aerospace company in India under the Ministry of Defence with its Corporate Office located at Bengalore. As a leading aerospace industry in the country, HAL over the six decades of its operation has developed expertise in the areas of Design, Development, Manufacture of advance fighters, trainers, helicopters, transport aircraft and associated aeroengines, accessories, avionics, and airborne systems.
It has also diversified into manufacture of aerospace vehicles like polar / geostationary satellite launch vehicles, remote sensing and other satellites, industrial and marine gas turbines, as well as commercial airport services. Being the National Aerospace Industry, it is present in all spectrums of aviation business in the country.