Anabelle Colaco
05 Feb 2026, 12:51 GMT+10
NEW DELHI, India: India's push to expand domestic defence manufacturing has drawn fresh interest from Europe's aerospace sector, with Italy's Leonardo and Adani Defence & Aerospace moving to establish a helicopter production base in the country.
The two companies said they had signed a preliminary agreement to create a helicopter manufacturing ecosystem in India, formalised through a memorandum of understanding.
The partnership will focus on Leonardo's AW169M and AW109 TrekkerM helicopter models and is intended to meet rising demand and evolving military requirements in India. The companies said the scope of the agreement could also be expanded to cover civil aviation applications at a later stage.
Ashish Rajvanshi, chief executive of Adani Defence & Aerospace, said the Indian Armed Forces project demands more than 1,000 helicopters over the next decade.
Leonardo's shares rose about two percent by 0900 GMT following the announcement.
Get a daily dose of Austin Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Austin Globe.
More InformationNEW DELHI, India: India's push to expand domestic defence manufacturing has drawn fresh interest from Europe's aerospace sector, with...
BEIJING, China: China's Lunar New Year shopping and travel rush is once again becoming a high-stakes battleground for tech giants,...
NEW YORK, New York - AI stocks continued to be pounded on Wednesday dragging the tech sector sharply lower, however the Dow Jones surged...
HONG KONG: From factory floors to street markets, governments and businesses across Latin America are scrambling to respond to a surge...
SINGAPORE: As the global aviation industry gathers in Singapore, airline executives and regulators are confronting a tougher path to...
SINGAPORE: A broad selloff swept through global commodities markets on Monday, dragging down prices of precious metals, energy, and...
WASHINGTON, D.C.: First Lady Melania Trump capped her first year back in the White House with the global release of a documentary she...
AUSTIN, Texas: Tesla said it will invest US$2 billion in Chief Executive Elon Musk's artificial intelligence startup xAI, underscoring...
(Photo credit: Wendell Cruz-Imagn Images) With their grueling annual winter trip behind them, the Los Angeles Lakers will not get...
(Photo credit: Jerome Miron-Imagn Images) Jamie Benn had two goals, including the winner with 23 seconds left, and an assist as the...
(Photo credit: Scott Wachter-Imagn Images) Keldon Johnson scored 25 points and Victor Wembanyama added 22 points and 14 rebounds...
Buenos Aires [Argentina], February 5 (ANI): The Argentine Football Association (AFA) announced on Thursday that its team will be based...
