Defence manufacturing firm NIBE Limited on Friday announced it has secured an export order from Elbit Systems, for the manufacturing and supply of Ship-Mounted Universal Rocket Launching System from Israel.
The agreement, announced on Sunday, marks the first time this high-precision system--capable of striking targets up to 300 km--is being produced domestically, aiming to boost India's defence manufacturing capabilities and tap into global markets.
In a post on X, DRDO stated, "In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocke