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Stocks in news - Novartis, IOC, IGL, Ashok Leyland

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Saab, Ashok Leyland tie-up for Army's SR-SAM tender

Feb 05, 2014    

New Delhi Swedish defence firm Saab Group has tied up with Ashok Leyland for Indian Army's requirement for short-range Surface-to-Air-Missile system tender."Saab and Ashok Leyland are teaming to meet the SRSAM requirement with a new solution that combines the Saab BAMSE missile system with Ashok Leyland high-mobility vehicles," a Saab release said in New Delhi.The system on offer from Saab and Ashok Leyland is a ground-based air defence missile."Ashok Leyland will deliver high-mobility vehicles to transport the SRSAM solution. All sub-units within the weapon system are being int...

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