Latest news with #SURYA
Business Standard
a day ago
- Business
- Business Standard
NIBE announces technical collaboration with Elbit Systems Land
For manufacturing and supply of Universal Rocket Launcher (SURYA) NIBE announced a strategic technology collaboration agreement with Elbit Systems Land, a division of Elbit Systems ( a globally renowned technology company from Israel). This partnership will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA), a highly advanced defense system capable of engaging targets with precision over a range of up to 300 km. This groundbreaking technology transfer marks the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets. The Universal Rocket Launcher is set to revolutionize modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector. The Universal Rocket Launcher is one of the most advanced systems in its class, designed to surpass the capabilities of current global alternatives. This collaboration opens up new frontiers for NIBE, both in terms of international expansion and technological innovation, reinforcing the company's commitment to developing indigenous solutions for the Indian Armed Forces and allied global partners.
Business Standard
2 days ago
- Business
- Business Standard
NIBE surges after inking technology agreement with Israel-based Elbit Systems
NIBE jumped 7.87% to Rs 1791.80 after the company announced a strategic technology collaboration agreement with Elbit Systems, a globally renowned technology company from Israel. This partnership will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA), a highly advanced defense system capable of engaging targets with precision over a range of up to 300 km. This technology transfer marks the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets. "The universal rocket launcher is set to revolutionize modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector, the company stated. Elbit Systems Land, a division of Elbit Systems, is a global leader in the design, development, and integration of advanced land-based defense solutions. The company specializes in a wide range of platforms and technologies, including armored vehicles, artillery systems, unmanned ground vehicles, and combat vehicle modernization. NIBE is a leading Indian defense technology company, specializing in the development, manufacturing, and integration of advanced defense systems. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24.
Time of India
2 days ago
- Business
- Time of India
Nibe Limited signs agreement with with Israel's Elbit Systems; to manufacture Advanced Universal Rocket Launcher
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Private defence manufacturing comapany NIBE Limited signed a Technology Collaboration Agreement with Elbit Systems , a Israeli defence company for Advanced Universal Rocket Launcher partnership is aimed at manufacturing and supply of Universal Rocket Launcher ( SURYA ), which is a highly advanced defence system capable of engaging targets with precision over a range of up to 300 technology transfer will be the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets, ANI reported"The Universal Rocket Launcher is set to revolutionise modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector ," the company said in a release. Elbit Land Systems , a division of Elbit Systems Ltd. , is a global leader in the design, development, and integration of advanced land-based defense solutions. The company specialises in a wide range of platforms and technologies, including armored vehicles, artillery systems, unmanned ground vehicles, and combat vehicle modernisation and is known for its innovation, reliability, and battlefield-proven systems.
