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In a first, DRDO transfers technology to private player
L&T to produce, sell Lakshya pilotless target aircraft; foreign militaries too can buy with defence ministry permission.
Written by Sushant Singh | New Delhi |Published on:July 19, 2015 1:55
The L&T will pay a royalty to DRDO for every Lakshya PTA produced and sold by it.
In a path-breaking decision, the Ministry of Defence (MoD) has approved a proposal by the Defence Research and Development Organisation (DRDO) for transfer of technology (ToT) for commercial production of its Lakshya pilotless target aircraft (PTA) to private sector defence manufacturer Larsen and Toubro (L&T).
The L&T will pay a royalty to DRDO for every Lakshya PTA produced and sold by it. Prospective customers for Lakshya include foreign militaries, including those of Singapore, Malaysia and Israel.
Lakshya pilotless target aircraft. (Source: File photo)
L&T will have to take permission from the MoD while selling Lakshya abroad. This condition is part of the approval granted by the Defence Procurement Board.
L&T to produce, sell Lakshya pilotless target aircraft; foreign militaries too can buy with defence ministry permission.
Written by Sushant Singh | New Delhi |Published on:July 19, 2015 1:55
The L&T will pay a royalty to DRDO for every Lakshya PTA produced and sold by it.
In a path-breaking decision, the Ministry of Defence (MoD) has approved a proposal by the Defence Research and Development Organisation (DRDO) for transfer of technology (ToT) for commercial production of its Lakshya pilotless target aircraft (PTA) to private sector defence manufacturer Larsen and Toubro (L&T).
The L&T will pay a royalty to DRDO for every Lakshya PTA produced and sold by it. Prospective customers for Lakshya include foreign militaries, including those of Singapore, Malaysia and Israel.
Lakshya pilotless target aircraft. (Source: File photo)
L&T will have to take permission from the MoD while selling Lakshya abroad. This condition is part of the approval granted by the Defence Procurement Board.
