Mahindra Defence Systems bag Indian Navy Contract worth crores
New Delhi: Mahindra Defence Systems Limited (MDS) had bagged a contract worth ?1,349.95 crore for manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of Indian Navy. Mahindra and Mahindra Ltd. revealed the same to public on Friday.
"IADS is a high-end underwater equipment that uses the latest technology. It is designed to detect and protect warships from underwater threats. It is a versatile system capable of operations from all sizes of warships - small, medium, and large. The complex array of sensors in water undertakes surveillance, and provides inputs for signal processing and analysis, to enable necessary action," Mahindra and Mahindra Ltd said in a statement.
It further stated that MDS won the bid which was through an open tender put out by the Ministry of Defence (MoD) with the systems fielded through exhaustive and detailed trials at sea to prove their capability. Mahindra Defence will now be supplying 14 IADS systems for the Indian Navy warships.
Expressing his views on the occasion, Mahindra Defence Systems Ltd Chairman SP Shukla said that the contract was the first major contract with the private sector meant for underwater detection and protection from threats. This contract once again epitomises the success of the Atmanirbhar Bharat initiative."
The contract with an Indian firm under the Buy and Make (Indian) category of defence procurement is an important boost to Indias Atmanirbhar Bharat mission and provides a major fillip to indigenous defence industry in technology development and production. The system will enhance anti-submarine warfare capability of the Indian Navy," the Ministry further said.