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Mahindra, Airbus ink pact to produce military helicopters

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Taking forward the memorandum of understanding signed in July, Mahindra Defence and Airbus Helicopters today inked a pact to form a joint venture to produce military helicopters in India.

The statement of intent was signed today by representatives of both companies in the presence of Prime Minister Narendra Modi and French President Francois Hollande.

“We have made significant progress in setting up the joint venture and together the companies are creating a world-class advanced helicopter production facility in India,” Mahindra and Mahindra Group President for Aerospace and Defence S P Shukla said in statement.

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