memorandum-of-understanding
HAL amends Partnership with Aeronautical Development Agency
The collaboration is valued at Rs 2,970.00 crore.
Hindustan Aeronautics Ltd (HAL) has announced a revised Memorandum of Understanding (MoU) with the Aeronautical Development Agency (ADA), bolstering their collaboration on the LCA AF Mk-2 program.
The revised MoU is related to the completion of the LCA AF Mk-2 development, leading to operation clearance during the Full Scale Engineering Development (FSED) Phase-3 of the LCA AF Mk-2 program.
The collaboration is valued at Rs 2,970.00 crore.
The company has signed an amendment to the MoU with the Aeronautical Development Agency (ADA) w.r.t. completion of LCA AF Mk-2 development,” the company said in an exchange filing.
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