HAL awards ₹640 crore radar contract to Lotus Advanced Technologies
after close1 source ↓written by the desknot a recommendation
- contract to Lotus
- ₹640 crore
Hindustan Aeronautics Limited (HAL) has awarded a ₹640 crore contract to Lotus Advanced Technologies for the supply and integration of AESA radars on the Indian Navy’s Dornier Do-228 aircraft. This move supports India's push for indigenous defence manufacturing and enhances maritime surveillance capabilities.
The contract signifies Lotus Advanced Technologies' expanding role in the aerospace sector, bolstered by partnerships with Israel’s IAI-Elta Systems Ltd. This development may positively impact investor sentiment in the defence manufacturing space.
Not investment advice. For informational purposes only.