Corporate News     17-Aug-22
Astra Microwave's JV to undertake business of electro optic systems in India
Astra Microwave Products announced that its joint venture company, Astra Rafeal Comsys (in which the company and its associates own 51% stake) will take up development, manufacture, integration, customization and product support of Electro Optic (EO) systems in addition to its existing business line.

The EQ systems are technologically complex high value Optical and Infrared Imaging systems used globally for military and homeland security applications to provide enhanced situational awareness on ground, airborne and sea based platforms. These sensors are used to identify targets, track moving targets, and provide surveillance, navigation and early warning information to our armed forces in challenging battle field environments.

The EQ systems are also being used on board UAVs, unmanned platforms and guided munitions to provide wide range of capabilities including range finding, target acquisition, imaging and surveillance. Airborne EQ systems for Laser Designation & Recce applications being used on fighter aircrafts are hitherto being procured via global tenders, can now be manufactured, upgraded and serviced in India by the Astra Rafael JV partnership as part of the Atma Nirbhar initiative.

This new product line (EO) will enable JVC to compete in the upcoming EQ systems business of about $600 million in India in the next 5 to 8 years.

Previous News
  Astra Microwave Products consolidated net profit rises 142.38% in the December 2022 quarter
 ( Results - Announcements 10-Feb-23   13:45 )
  Astra Microwave Products to announce Quarterly Result
 ( Corporate News - 18-May-21   10:28 )
  Astra Microwave Products Ltd leads gainers in 'A' group
 ( Hot Pursuit - 27-May-24   12:00 )
  Astra Microwave spurts on reporting robust Q4 numbers
 ( Hot Pursuit - 27-May-24   12:09 )
  Astra Microwave Products reports standalone net loss of Rs 0.83 crore in the June 2020 quarter
 ( Results - Announcements 14-Sep-20   17:12 )
  Astra Microwave Products incorporates wholly owned subsidiary
 ( Corporate News - 19-Feb-24   17:19 )
  Astra Microwave Products receives affirmation in credit ratings for bank facilities
 ( Corporate News - 07-Mar-24   18:48 )
  Astra Microwave Products standalone net profit declines 75.27% in the March 2019 quarter
 ( Results - Announcements 10-May-19   15:40 )
  Astra Microwave Products reports consolidated net loss of Rs 1.56 crore in the June 2020 quarter
 ( Results - Announcements 14-Sep-20   17:12 )
  Astra Microwave Products allots equity shares
 ( Corporate News - 16-Dec-15   15:32 )
  Astra Microwave Products schedules board meeting
 ( Corporate News - 02-Nov-20   17:57 )
Other Stories
  RACL Geartech receives ratings action from CARE
  05-Oct-24   14:24
  JHS Svendgaard Retail Ventures EGM scheduled
  05-Oct-24   13:50
  Lexus Granito (India) EGM scheduled
  05-Oct-24   13:50
  Latteys Industries EGM scheduled
  05-Oct-24   13:50
  Embassy Office Parks REIT to convene board meeting
  05-Oct-24   13:50
  Board of Fusion Micro Finance appoints director
  05-Oct-24   13:17
  Board of Fusion Micro Finance approves rights issue of Rs 550 cr
  05-Oct-24   13:15
  Bharti Airtel deploys additional spectrum in Jammu-Kashmir & Leh Ladakh
  05-Oct-24   12:53
  Dr Reddys announces incorporation of new step-down subsidiary in Denmark
  05-Oct-24   11:37
  360 ONE WAM grants 21.47 lakh stock options
  05-Oct-24   11:32
Back Top