Garden Reach Shipbuilders & Engineers (NSE:GRSE, BOM:542011) signed a memorandum of understanding with Apollo Micro Systems for strategic collaboration on developing and supplying advanced weapons and electronic systems, according to a Wednesday release filed with the Indian exchanges.
The partnership will focus on joint research and development, co-production, and supply of underwater weapons, communication systems, and air defense systems for Indian defense forces and other government agencies, the company said in the release.
The MoU also covers the modernization of existing systems.
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