/PRNewswire/ The "Multiple Launch Rocket Systems (MLRS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has.
/PRNewswire/ The "Multiple Launch Rocket Systems (MLRS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has.
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The global multiple launch rocket systems (MLRS) market grew at a CAGR of around 6% during 2014-2019. A multiple launch rocket system (MLRS) is a versatile automatic weapon used to fire guided rockets and missiles. The launcher is mounted on stretched chassis and comprises a fire control computer. MLRS delivers a large firepower volume to strike long-range and high payloads at all depths of the tactical battlefield. At present, modern wheeled systems, which are lightweight and have high mobility and speed compared to tracked systems, are gaining traction in the defense and military sector worldwide.
Tata Advanced Systems acquires Tata Motors defence business
06 April 2021 by Jon Grevatt
Tata Advanced Systems Limited (TASL) has concluded its acquisition of Tata Motors’ defence business, the latter firm has announced on the Bombay Stock Exchange.
A filing said the acquisition, which was finalised on 1 April, is valued at INR2.277 billion (USD31 million) and was paid through an ”upfront” lump sum consideration.
The sale includes Tata Motors’ portfolio of logistics vehicles, combat support vehicles, and armoured vehicles for defence, paramilitary, and law enforcement applications.
Tata Motors has sold its defence business, which produces a wide range of military vehicles such as this LPTA 715 4×4 utility truck, to its sister firm Tata Advanced Systems Limited. (Tata Motors)