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L&T, Lockheed in JV talks for developing Mark 41 Vertical Launching Systems 23 Jan, 2008, 0000 hrs IST, Mayur Shekhar Jha, TNN WASHINGTON: India’s defence shield is getting sharper. US arms major Lockheed Martin is in talks with engineering and construction firm Larsen & Toubro (L&T) for formalising a joint venture (JV), which would jointly develop Mark 41 Vertical Launching Systems (MK 41 VLS) in India. “Co-developing MK 41 VLS will be a further extension of our existing relationship with L&T. As of now, talks are at a very initial stage,” a senior Lockheed Martin official told ET. The MK...

L&T plans to build submarines for Navy Indulal PM, Hindustan Times Mumbai, July 22, 2007 Larsen and Toubro, the diversified engineering conglomerate, is planning to build submarines as part of its defence projects venture. The company is planning to demerge the defence division into a separate entity. Sources close to the development said L&T is in talks with a couple of foreign firms to develop required expertise to participate in the Indian Navy’s prestigious Project 75 and 76 to make underwater vessels. The project is one of Navy’s 30-year sub-building programme. It aims to build 24 such vessels to meet...