July 9, 2023- Israel Aerospace Industries has signed a deal to acquire HELA Systems Private Limited, an ‘Indian subsidiary’ of ELTA Systems Ltd. IAI’s investment in Aerospace Services India is a strong demonstration of IAI’s support for the Indian government’s Atmanirbhar Bharat (Make in India) vision. The current deal also shows IAI’s commitment to its strong partnership with India’s DRDO in developing and supporting advanced systems for India’s Armed Forces.
HELA will provide full Maintenance, Repair and Overhaul product support for ELTA Systems, as well as testing and technical services including annual maintenance contracts and supply of spares to Indian defence customers. The company has a large facility in Hyderabad’s fast-growing industrial belt. HELA’s management and technical team comprise radio frequency and microwave specialists, familiar with cutting-edge technologies and working on futuristic military applications. In addition, they are well-versed with the relevant industry standards to serve India’s armed services as well as India’s other defence organizations