Indian Firm, GD To Co-Produce Digital Displays
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Samtel is eyeing the display market here for the Army, Navy and Air Force, which is estimated to be worth $90 million. The company aims to manufacture for General Dynamics a variety of displays for more than $15 million each year by 2015-16, a Samtel executive said.
The Indian Army has a potential need for more than 15,000 displays for use aboard the Future Infantry Combat Vehicle, light armored multipurpose vehicles and upgraded infantry combat vehicles and for the upgrade of T-72 tanks, the Samtel executive said.
Samtel Avionics is currently building cockpit displays for the Indian Air Force’s Russian-built Sukhoi MKI aircraft.
The Samtel-Thales joint venture was launched in 2008 with an equity capital of $12.5 million in which Samtel holds a 74 percent stake while Thales holds 26 percent. [via]
