Brahmos buys plant for missile-making
Published: Dec. 31, 2007 at 4:00 PM
MOSCOW, Dec. 31 (UPI) -- A Russian-Indian joint venture bought a manufacturing facility in India so it can double production of its supersonic cruise missiles, the company said.
BrahMos bought the plant from state-run Kerala Hightech Industries, allowing BrahMos to increase its annual missile production to 50, RIA-Novosti reported Monday.
India's representation in the joint venture, Defense Research and Development Organization, will invest roughly $25 million in the plant during the next two years, while the Indian Space Research Organization will put up $6 million, the Russian information agency said.
Besides assembling BrahMos missiles, officials said the facility will make components for the ISRO-produced Astra rockets.
BrahMos bought the plant from state-run Kerala Hightech Industries, allowing BrahMos to increase its annual missile production to 50, RIA-Novosti reported Monday.
India's representation in the joint venture, Defense Research and Development Organization, will invest roughly $25 million in the plant during the next two years, while the Indian Space Research Organization will put up $6 million, the Russian information agency said.
Besides assembling BrahMos missiles, officials said the facility will make components for the ISRO-produced Astra rockets.
© 2007 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
This material may not be reproduced, redistributed, or manipulated in any form.
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