New Delhi | Reliance Infrastructure Limited-promoted Reliance Defence Limited on Monday said it has signed an agreement with Coastal Mechanics Inc to jointly address India's Rs 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity.
Coastal Mechanics is a US Department of Defense authorised contractor.
Reliance Infrastructure in a statement said the partnership will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircrafts, 100+ MiG-29 fighter aircrafts, the fleet of Apache attack helicopters, L-70 air defence guns, and other legacy systems that require long-term sustainment and modernisation.
The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics, it added.
According to the statement, Reliance Defence and Coastal Mechanics will also set up a joint venture (JV) at MIHAN in Maharashtra to serve both the Indian market and export markets.
This JV will provide complete MRO and upgrade services for various air and land defence platforms used by the armed forces, the statement added.
Coastal Mechanics supplies critical components to the US Air Force and US Army.
Formed in 1975, Coastal Mechanics Company is already a longtime active vendor supporting armament and defense obsolescence issues through the US Army/USAF FMS cases.
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