ajpirzada
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ISLAMABAD (April 30 2009): Pakistan Ordnance Factories (POF) Pakistan's premier Defence Industrial Establishment has concluded a joint venture with a European giant for high technology weapons system.
Chairman POF Board Lieutenant General Syed Sabahat Husain from POF and Peter Weilenmann President from Oerlikon (Waffer Rheinmetall Munition) of Switzerland signed a letter of understanding on the 2nd day of the defence exhibition IDEF-2009 being held at Istanbul Turkey for co-production & co-marketing of 35mm Air Defence Ammo at POF.
It is pertinent to mention here that the technology of this Ammo will be transferred to POF free of cost. This ammo is the dire need of the Armed Forces of Pakistan and presently, the requirement of this ammo is being met through import from the various countries of the world. The production of this ammo at POF will strengthen our Air Defence and will enhance the capability of the Armed Forces of Pakistan.
Through the production of this latest ammo at POF Wah, Pakistan will be able to save huge foreign exchange being met on the procurement of this Air Defence ammo. First the Armed Forces of Pakistan will be equipped with this latest defence ammunition and subsequently its surplus capacity will be utilised for export to the friendly countries.
POF is now heading towards partnering its competencies with renowned brands around the world in the form of joint ventures. The flexibility to accommodate any entrepreneurial venture on sound commercial and professional lines has created good space to welcome collaboration in the military and commercial arenas.-PR
Business Recorder [Pakistan's First Financial Daily]
Chairman POF Board Lieutenant General Syed Sabahat Husain from POF and Peter Weilenmann President from Oerlikon (Waffer Rheinmetall Munition) of Switzerland signed a letter of understanding on the 2nd day of the defence exhibition IDEF-2009 being held at Istanbul Turkey for co-production & co-marketing of 35mm Air Defence Ammo at POF.
It is pertinent to mention here that the technology of this Ammo will be transferred to POF free of cost. This ammo is the dire need of the Armed Forces of Pakistan and presently, the requirement of this ammo is being met through import from the various countries of the world. The production of this ammo at POF will strengthen our Air Defence and will enhance the capability of the Armed Forces of Pakistan.
Through the production of this latest ammo at POF Wah, Pakistan will be able to save huge foreign exchange being met on the procurement of this Air Defence ammo. First the Armed Forces of Pakistan will be equipped with this latest defence ammunition and subsequently its surplus capacity will be utilised for export to the friendly countries.
POF is now heading towards partnering its competencies with renowned brands around the world in the form of joint ventures. The flexibility to accommodate any entrepreneurial venture on sound commercial and professional lines has created good space to welcome collaboration in the military and commercial arenas.-PR
Business Recorder [Pakistan's First Financial Daily]