Reliance Defence enters agreement with US firm

Reliance Infrastructure-promoted Reliance Defence on Monday announced a strategic agreement with a US company for maintenance, repair and overhaul (MRO) of defence equipment.

The company said the agreement was with Coastal Mechanics Inc (CMI), a leading US Department of Defense authorised contractor. This was a Rs 20,000-crore market, a statement said.

Reliance Defence and Coastal Mechanics would focus on providing end-to-end maintenance, repair, overhaul (MRO), upgrade and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as Jaguar fighter aircraft, MiG-29 fighter aircraft, Apache attack helicopters, L-70 air defence guns, and other legacy systems that required long-term sustainment and modernisation.