Wednesday, November 4, 2009

Mahindra Satyam bags Saab defence deal

IT firm Mahindra Satyam said it will collaborate with Swedish defence firm Saab to develop applications and technology in India for the defence and security market.



The multi-year collaboration would allow the companies to jointly address the Battlefield Management System (BMS) for the Indian Army, Mahindra Satyam said in a statement. The company did not comment on the size of the deal. But sources said the deal is in the range of $400-500 million and is spread over five years.

No comments:

Post a Comment