HAL will provide MRO support for Turbo-prop Engines which power the MQ-98 Remotely Piloted Aircraft

An Expression of Interest was exchanged between Hindustan Aeronautics Ltd and General Atomics Aeronautical Systems Incorporated (GA-ASI) for providing MRO support for turbo-propeller engines which power the state-of-art MQ-98 Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS) manufactured by GA-ASI, for the Indian market.

GA-ASI and HAL eagerly look forward to formulate a comprehensive engine MRO program for upcoming HALE RPAS projects. This joint collaboration echoes India's clarion call for 'Atmanirbharta' or 'Self-Reliance', while underscoring the deep industrial connection between US and Indian Aerospace Companies.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 2484.45 as compared to the previous close of Rs. 2468.20. The total number of shares traded during the day was 33293 in over 3360 trades.

The stock hit an intraday high of Rs. 2500.00 and intraday low of 2456.00. The net turnover during the day was Rs. 82464616.00.

Source : Equity Bulls

Keywords

HindustanAeronautics INE066F01012 Aerospace EOI GeneralAtomicsAeronauticalSystems MROSupport MQ98 GuardiangHALERPAS