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Larsen & Toubro and MBDA establish Joint Venture for missile systems...
Larsen & Toubro (L&T) and European weapon system specialist MBDA have announced the formation of an Indian based Joint Venture to pursue opportunities for the development and supply of missiles systems to meet the growing potential requirements of the Indian armed forces. To begin with, the JV will look to develop and supply fifth generation anti-tank guided missiles, anti-ship missiles for coastal defense and high-speed target drones.