Subsidiary LADS signs agreement with Italy Alpar Ingegneria for defence tech
LLOYDSENGG · price
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Defence-focused material subsidiary Lloyds Advance Defence Systems (LADS) signed an agreement with Italy-based Alpar Ingegneria, which designs, develops and manufactures advanced systems. Deal covers designing and building product prototypes for LADS, technology transfer to LADS, and licensed manufacturing of the products in India. No shareholding change, special rights, or related party transaction involved.
Positive: defence subsidiary gains access to advanced technology and licensed manufacturing capability in India through an international partnership.