Astra Microwave to supply INR 570 mn worth wireless sub-systems to ELTA for IAF Phalcon AWACS program
By (FINN) Frontier India News Network | December 1st, 2008 | Category: Defence Products Manufacturing Companies, Indian Air Force News | No Comments »
Astra Microwave Products Ltd, India’s leading provider of microwave wireless technologies used in defense, space, and telecommunications, today announced that the company has won an order worth INR 570 million (USD 11.5 million) from Israel’s ELTA Systems Ltd.
The order is for the supply of microwave wireless sub-systems for Indian Air Force Phalcon AWACS program. The contract is effective between November 2008 and mid-2010.
The order from ELTA is Astra’s first contract under the offset obligations clause of India’s Defence Procurement Policy, 2006. The offsets clause mandates that 30% of all defense contracts worth INR 3 billion and above must be invested in the Indian defense industry by way of sourcing components, sharing technology, setting up training facilities, or using IT services.
B Malla Reddy, Managing Director, Astra Microwave Products Commented “The ELTA contract showcases Astra Microwave’s global technological capabilities and scale of operations to meet the demand from obligations mandated by the Defence Procurement Policy.”