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Paras Defence Signs MOU with Complus Systems and JV Micronics

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-- Paras Defence and Space Technologies (NSE:PARAS, BOM:543367) has entered into a memorandum of understanding with Complus Systems and JV Micronics, according to a Tuesday filing to the Indian stock exchanges.

Under the pact, the three parties will collaborate to promote and pursue opportunities, both in India and internationally, for the design, development, manufacturing, installation, and servicing of anechoic and semi-anechoic chambers.

Paras will serve as the consortium leader and will oversee the design, development, manufacturing, and installation of the chambers, along with the associated filters and engineered points of entry. It will also coordinate business development activities, represent the consortium in external engagements, and provide overall strategic direction.

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Paras Defence Signs MOU with Complus Systems and JV Micronics | FINWIRES