HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
DCX Systems executes Joint Venture Agreement with IAI’s ELTA Systems
Apr-21-2025

DCX Systems has executed a Joint Venture Agreement with IAI’s ELTA Systems, Israel and it’s group companies on April 21, 2025, for the purpose of establishing a Joint Venture Company (JVC) in India for conducting the business in the areas of Airborne Maritime Radar System, Fire Control Radar System and other Radar Systems for Airborne and Land applications under ‘Make in India’ projects. 

The company does not hold any shareholding in ELTA and it’s group companies as on the date of execution of JVA. DCX Systems and ELTA Group will hold 37% and 63% stake, respectively, in JVC.  

DCX Systems is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector.


  RELATED NEWS >>