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Samtel Avionics, Defence Systems bag Rs 500-cr order from UK-based Curtiss-Wright Controls Defense Solutions - Economic Times
Samtel Avionics and Defence Systems have signed a contract, estimated at Rs 500 crore, with the UK-based Curtiss-Wright Controls Defense Solutions, in one of the largest defence tenders awarded to an Indian private sector defence firm by a global defence manufacturer.
According to the terms of the seven-year contract, signed earlier this month, Samtel will make high-definition, rugged liquid crystal cockpit displays for Curtiss-Wright's customers, including, Eurocopter, Sikorsky, Agusta Westland, all of which are currently in the running for a number of Indian military contracts.
"Samtel aims to make around 5000-7000 displays in next five to seven years. These displays embedded in helicopters will help homeland security and paramilitary forces across the globe to conduct various missions, including surveillance and combat operations," said Puneet Kaura, executive director of Samtel.
The deal marks Curtiss-Wright Control's entry into the highly sought-after Indian defence market, as well as the $2 billion company's first partnership with an Indian firm.
Curtiss-Wright Controls representatives did not respond to email queries on the development.
The first chunk of the order has already been received by Samtel, and the development of the product as per the technology partnership requirements is to begin shortly at Samtel's new production facilities at Greater Noida.
"This contract showcases the prowess and capabilities of Indian firms," says Rajiv Chib, associate director, aerospace and defence practice at PwC.
Samtel's Kaura estimates that his company's products are nearly 25-30% cheaper than most of other global competitiors.
Over the last decade, India has been looking to replace its Soviet-era equipment, and wants to position itself as a more dominant geopolitical player in the arms race. The massive spend has been exacerbated by the failure of state-owned defence undertakings to manufacture equipment of a requisite sophistication, and some policy-bungling by successive governments that had, till a decade ago, prevented the private sector in participating in arms procurement.
Samtel Avionics and Defence Systems have signed a contract, estimated at Rs 500 crore, with the UK-based Curtiss-Wright Controls Defense Solutions, in one of the largest defence tenders awarded to an Indian private sector defence firm by a global defence manufacturer.
According to the terms of the seven-year contract, signed earlier this month, Samtel will make high-definition, rugged liquid crystal cockpit displays for Curtiss-Wright's customers, including, Eurocopter, Sikorsky, Agusta Westland, all of which are currently in the running for a number of Indian military contracts.
"Samtel aims to make around 5000-7000 displays in next five to seven years. These displays embedded in helicopters will help homeland security and paramilitary forces across the globe to conduct various missions, including surveillance and combat operations," said Puneet Kaura, executive director of Samtel.
The deal marks Curtiss-Wright Control's entry into the highly sought-after Indian defence market, as well as the $2 billion company's first partnership with an Indian firm.
Curtiss-Wright Controls representatives did not respond to email queries on the development.
The first chunk of the order has already been received by Samtel, and the development of the product as per the technology partnership requirements is to begin shortly at Samtel's new production facilities at Greater Noida.
"This contract showcases the prowess and capabilities of Indian firms," says Rajiv Chib, associate director, aerospace and defence practice at PwC.
Samtel's Kaura estimates that his company's products are nearly 25-30% cheaper than most of other global competitiors.
Over the last decade, India has been looking to replace its Soviet-era equipment, and wants to position itself as a more dominant geopolitical player in the arms race. The massive spend has been exacerbated by the failure of state-owned defence undertakings to manufacture equipment of a requisite sophistication, and some policy-bungling by successive governments that had, till a decade ago, prevented the private sector in participating in arms procurement.
