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ITT Exelis and Tata Advanced Systems Limited Partner to Manufacture Generation 3 Night Vision Devices in India

Dépèche transmise le 29 mars 2012 par Business Wire

ITT Exelis and Tata Advanced Systems Limited Partner to Manufacture Generation 3 Night Vision Devices in India

NEW DELHI--(BUSINESS WIRE)--ITT Exelis (NYSE: XLS) and Tata Advanced Systems Limited have formed a strategic alliance to support Generation (Gen) 3 night vision requirements in India.

“The alliance with Exelis is an important step in Tata Advanced Systems strategy to enhance the capabilities of the Indian Armed Forces by bringing to India cutting edge technology and undertaking their manufacturing in India. We are tremendously excited by the potential of the partnership with Exelis”

Under a memorandum of understanding, Exelis and Tata Advanced Systems will partner to supply manufacturing capabilities in India, maintenance and life-cycle support for Gen 3 night vision products. To start with, Exelis will provide TASL with the latest Gen 3 night vision image intensifier tubes, kits and other materials required to build night vision devices in India, to expedite the delivery of the systems to customers in India. This will be followed by manufacture of high precision components and sub-assemblies of the devices by Tata Advanced Systems.

“This is an important alliance for Exelis and Tata Advanced Systems. It allows us to increase our international footprint and provides our allies with the superior products they need to be successful during night missions,” said Nick Bobay, vice president and general manager of the night vision business area at ITT Exelis. “We look forward to a strong and healthy partnership with Tata Advanced Systems to meet the growing needs of Indian customers.”

“The alliance with Exelis is an important step in Tata Advanced Systems strategy to enhance the capabilities of the Indian Armed Forces by bringing to India cutting edge technology and undertaking their manufacturing in India. We are tremendously excited by the potential of the partnership with Exelis,” said Vijay Malik, General Manager (Defence and Security) at TASL. “Tata Advanced Systems has set up world class production facilities in collaboration with some of the largest global technology companies to build capability in India, and we aim to replicate the same with Exelis to provide cutting edge night vision solutions to our Defence, Paramilitary and Police forces in the coming years.”

The signing ceremony took place on Thursday, March 29 at Defexpo 2012 in Pragati Maidan, New Delhi, India.

About ITT Exelis:

ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com

About Tata Advanced Systems and Tata Group:

Tata Advanced Systems Limited, a fully owned subsidiary of TATA Sons, is engaged in addressing the business areas of Defence, Aerospace, Aero-structures and Homeland Security. TASL is both a holding and an operating company. The company is in the process of establishing critical manufacturing capabilities through strategic alliances and collaborations with global technology majors in areas that include RF Systems and ICT Networks, Maritime Systems, Unmanned Aerial Vehicles, Aerospace and Aero-structures, Night Vision Devices and Homeland Security. TASL employs around 1000 personnel and has set up more than half a million square feet of manufacturing facilities in New Delhi, Hyderabad and Bangalore. The Company has formed partnerships and joint ventures with companies that include Lockheed Martin and Sikorsky. The company delivers best in class products/ systems and solutions and also ensures life time commitment in the best traditions of the TATA Group. www.tataadvancedsystems.com

The Tata Group comprises over 100 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The Group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries. The total revenue of Tata companies, taken together, was $83.3 billion (around Rs3,796.75 billion) in 2010-11, with 58 per cent of this coming from business outside India. Tata companies employ over 425,000 people worldwide. The Tata name has been respected in India for more than 140 years for its adherence to strong values and business ethics. Every Tata company or enterprise operates independently. Each of these companies has its own board of directors and shareholders, to whom it is answerable. There are 31 publicly listed Tata enterprises and they have a combined market capitalisation of about $88.12 billion (as on March 23, 2012), and a shareholder base of 3.6 million. The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.