Israel Aerospace Industries (IAI) has inked a significant deal to purchase Indian MRO services provider HELA Systems Private Limited, an Indian subsidiary of ELTA Systems Ltd.
This latest round of acquisition shows the high trust levels placed by Israel in India, as a strong friend and defence partner.
Moreover, the investment in aerospace services in India is also a strong testament to IAI’s support of the initiative of the Indian government: Make in India or Atmanirbhar Bharat initiative.
This initiative is set to propel India’s aerospace capability and its commitment to strengthening its defence capabilities.
HELA’s Role
The role of the Indian company is to provide MRO (Maintenance, Repair and Overhaul) product support and guidance for ELTA systems along with testing and providing technical services, including yearly maintenance contracts and supply of spares to Indian defence customers.
HELA will work from its large and high-tech base out of one of India’s fastest-growing industrial belts: Hyderabad.
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HELA’s excellence in the management and technical team comes with experts in the fields of ‘radio frequency and microwave specialists’ who are specialists with cutting-edge technologies and working with futuristic military applications.
Moreover, HELA is one of India’s standard-setting companies, ready to serve as India’s armed services suppliers and also other defence and relevant organizations in the Republic.
Testimonials
Boaz Levy, IAI’s President, and CEO: “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.”
Yoav Turgeman, IAI’s VP and ELTA CEO said: “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.”
Excellence in Israel’s Engineering
It is a general and wide consensus that Israel boasts one of the world’s best and most precise engineering works. This reflects in the products and services of IAI. IAI offers high-tech state-of-the-art systems and technologies, for both commercial and defence aviation.
IAI’s technologies have already been in service with India’s three military branches and other government agencies, signifying the strength of the two nations’ friendship and bilateral relations.
All in all, Israel’s ELTA Systems will surely benefit the Indian defence capabilities, providing with the latest defence electronics companies, with wide-ranging expertise in Intelligence, Electronic Warfare, Surveillance, and Target Acquisition.
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