Paris: Defence major Raytheon plans to take forward its tie-up with Tata Power by focusing on electronic and avionic technologies that could be marketed globally, a top official of the US firm has said.
“We are in the process of getting US export licences that will allow us to work with Tata Power on specific projects,” Wesley Motooka, vice-president of Raytheon’s Space and Airborne Systems, said at the Paris Air Show.
Raytheon established a tie-up with Tata Power, a key private player in India’s defence sector, in February and was evaluating the Indian firm’s capabilities and estimating costs for joint projects that the two companies could work on, Motooka said.
As part of its efforts to identify potential Indian partners, Raytheon has carried out an industrial survey of 50 companies from the country and zeroed in on eight firms. “After the deal with Tata, we are closing in (on agreements) with a couple more,” he said, adding a tie-up between Raytheon and an Indian firm was likely to be completed by July.
A person close to the situation said Raytheon was also likely to announce a tie-up with Larsen and Toubro, another key player in the defence sector that has had a major role in several projects for the Indian Navy.