L&T-MBDA join hands for missile integration facility

Larsen & Toubro (L&T) and arms manufacturer company-MBDA, through their joint venture-L&T MBDA Missile Systems Limited (LTMMSL) has set up a missile integration facility.

LTMMSL has set up the assembly facility, integration (without explosives) and testing facility for missile sub-systems and missile weapon launch systems spread across an area of 16,000 square metre in a Special Economic Zone (SEZ) located in Coimbatore (Tamil Nadu). It is set to form as part of Tamil Nadu Defence Industrial Corridor. LTMMSL has received some export orders and the new facility is expected to start delivering sophisticated weapon systems using state-of-the-art test equipment such as, the missile launchers and airframe segments, including control actuation units from CY2020.

LTMMSL is assumed to build complete missile systems for Indian Armed Forces for defence procurement. LTMMSL has also responded to Indian Navy's Air Defence requirement for Short Range Surface-to-Air Missile System (SRSAM) and will offer the Exocet MM 40 Block three anti-ship missiles as well as the Fifth Generation Anti-tank guided missile (ATGM5) to Indian Armed Forces, drawing on the next generation technologies of MMP battlefield anti-tank weapon that has already entered the service in France, despite being Indian-Designed, Developed and Manufactured (IDDM) product. L&T holds 51 per cent stake in LTMMSL while, MBDA holds around 49 per cent complying with India’s FDI policy.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. MBDA is popular in missiles and missile systems, capable of designing and producing missiles and missile systems that correspond to the full range of current and future operational needs of the three-armed forces i.e. land, sea and air. MBDA is jointly-owned by AIRBUS Group (37.5 per cent stake), BAE SYSTEMS (37.5 per cent stake) and LEONARDO (25 per cent stake).

On Monday, the stock of Larsen & Toubro closed at Rs 1,286.70, down by 0.04 per cent or Rs 0.55 per share. Its 52-week high is Rs 1,606.70 and 52-week low is Rs 1,202.30 on BSE.