We are pleased to inform that PARAS has signed an Agreement with Bandak Aviation Inc. DBA Northstar, USA (NORTHSTAR).
PARAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paras Defence and Space Technologies Limited (PARAS) has signed a 10-year exclusive agreement with Bandak Aviation Inc. DBA Northstar, USA to supply and support Northstar air-to-air refueling systems and accessories along with associated services for Indian Armed Forces. Under this collaboration, PARAS will develop facilities and depot-level capability to sell and support Northstar products domestically. Northstar is a leading company in designs, development, manufacturing, enhancement, and provisioning of aerial refueling product lines for various airborne platforms. No financial terms or order value has been disclosed in the filing.
This agreement gives PARAS an exclusive 10-year partnership to support critical air-to-air refueling systems for Indian defence forces, potentially opening a new revenue stream in the defence aftermarket segment. However, without disclosed order values, the financial impact remains uncertain for investors.