Which company has entered into a joint venture (JV) with European defence major MBDA to develop and produce new-generation tactical missiles.

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	TATA
B	Walmart
C	Elecon
D	L & T

Explanation:

Detailed explanation-1: -On 13th February, 2017, the respective heads of India’s Larsen & Toubro and Europe’s MBDA met to sign a Joint Venture agreement, thereby marking a highly significant moment in the advancement of India’s defence industry sector.

Detailed explanation-2: -MBDA is a European multinational developer and manufacturer of missiles.

Detailed explanation-3: -MBDA competitors include Airbus, Thales, BAE Systems and Leonardo.

Detailed explanation-4: -The Minority Business Development Agency (MBDA) was originally established as the Office of Minority Business Enterprise by President Richard M. Nixon on March 5, 1969.

Detailed explanation-5: -MBDA was created in December 2001 after the merger of the main missile systems companies in France, Italy and the United Kingdom. Each of these companies contributed the experience gained from fifty years of technological and operational success.

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