Premier Explosives inks MoU with Israel Aerospace Industries

Premier Explosives inks MoU with Israel Aerospace Industries

7:22 AM, 11th January 2016
Premier Explosives inks MoU with Israel Aerospace Industries

HYDERABAD, INDIA: Premier Explosives Ltd (PEL) said that it has signed a memorandum of understanding (MOU) with Israel Aerospace Industries Limited (IAIL) for exploring potential business opportunities.

IAIL, Israel’s largest aerospace and defence company, specialises in developing and manufacturing advanced systems for air, space, sea, land, cyber and homeland security. Since 1953, Israel Aerospace Industries has provided advanced technology solutions to government and commercial customers worldwide including: satellites, missiles, weapon systems and munitions, unmanned and robotic systems, radars, C4ISR and more. IAI also designs and manufactures business jets and aero structures, performs overhaul and maintenance on commercial aircraft and converts passenger aircraft to refuelling and cargo configurations.

Premier Explosives, which manufactures the entire range of commercial explosives and accessories for the civil requirement, is currently the only Indian private entity designing, developing and manufacturing solid propellants for Indian missiles, viz, Akash, Astra, etc.

In July 2014, Premier Explosives entered into a joint development agreement with Indian Institute of Technology (IIT), Madras for carrying out collaborative research projects in the area of high energy materials. This is the company’s second such collaboration, the first one being with Gulbarga University, Karnataka, in June 2009.

© Business Standard News

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