Mumbai, Nov. 22 -- Under the JV, Airfloa will hold a 51% stake while BBBS will hold 49%, creating a manufacturing platform for BBBS's current and future defence programmes in India.

The scope includes electronic warfare systems, AI-driven autonomous defence solutions, high-precision components, advanced materials, and defence-grade system integration and testing. The partnership aims to accelerate industrialisation of defence products, strengthen export potential, and tap high-growth sectors such as UAVs and advanced materials.

Separately, Airfloa Rail Technology has secured a domestic order from the Integral Coach Factory (ICF), Chennai, for the supply and installation of wider LHB coach windows (1460 x 700 mm) with sliding shutters fo...