New Delhi: Paras Defence and Space Technologies Ltd announced March 20 that it has won an order worth Rs 64 crore for Avionics Suite for Saras MK-2 Aircraft from the Council of Scientific and Industrial Research – National Aerospace Laboratories, Bengaluru.
The company said in an exchange filing that the deliveries for the aircrafts are to be done in 2023-24.
Saras, designed by the Council of Scientific and Industrial Research – National Aerospace Laboratories is the first Indian multi-purpose civilian aircraft in the light transport aircraft category.
Avionics Suite of Saras MK – 2 Aircraft is the complete glass cockpit of the aircraft, including all the equipment related to control, monitoring, communication, navigation, weather and anti-collision systems along with auto-pilot system.
Paras Defence and Space Technologies Limited offers high precision products and turnkey solutions to the defence and space sector. During Aero India 2023, the company collaborated with Yantra India to jointly address the requirements of Indian Defence Forces and export markets.
Paras Defence last week announced that it has signed a memorandum of understanding with CONTROP Israel (Precision Technologies Ltd). The pact was signed to expand both the companies in Indian defence sector and overseas markets.