The deal strengthens IAI’s presence in India, allowing for enhanced maintenance and technical support capabilities while fostering the development of advanced military systems for the Indian Armed Forces.
Israel Aerospace Industries (IAI) has recently announced its acquisition of HELA Systems Private Limited, a subsidiary of ELTA Systems Ltd. based in India. This strategic move by IAI demonstrates its support for India’s Atmanirbhar Bharat (Make in India) vision and highlights its commitment to the partnership with India’s Defence Research and Development Organization (DRDO) in developing advanced systems for the Indian Armed Forces.
Under the agreement, HELA Systems will provide comprehensive maintenance, repair, and overhaul support for ELTA Systems, along with testing and technical services such as annual maintenance contracts and spare parts supply to Indian defence customers.
Boaz Levy, IAI’s President and CEO emphasized that “IAI conducts a wide range of collaborative activities and acquisitions throughout the world as part of the company’s strategy. IAI supplies advanced and operationally-proven systems for marine, land, air, and space use, and works closely with India’s Armed Forces to develop and produce advanced technologies. For the past 30 years, IAI has built close partnerships in India developing and providing Indian customers with a variety of strategic platforms, including air and missile defence systems, unmanned aerial systems, satellites, radars, and training platforms”.
With a sizable facility located in Hyderabad’s rapidly growing industrial belt, HELA’s management and technical team comprises specialists in radio frequency and microwave technologies, well-versed in cutting-edge advancements and futuristic military applications. They are also familiar with the industry standards required to cater to India’s armed services and defence organizations.
Yoav Turgeman, IAI’s VP and ELTA CEO stated that “The acquisition of HELA Systems reflects our strategic transformation to provide fast direct access to ELTA’s superior solutions in full support of India’s Atmanirbhar Bharat vision of becoming self-reliant. HELA leverages top technology, innovation, and talent to deliver customer satisfaction so customers can focus on their mission. IAI has long-standing operations in India, working with many partners and customers in the Indian market”.
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IAI’s state-of-the-art systems and technologies have been extensively utilized by India’s military branches and government agencies. ELTA Systems, as one of Israel’s prominent defense electronics companies, boasts expertise in areas such as intelligence, electronic warfare, surveillance, and target acquisition.
