Israel Aerospace Industries (IAI) has completed the acquisition of HELA Systems, an Indian radar and electronic warfare systems provider, on July 9, 2023. HELA Systems, now a subsidiary of IAI, will play a vital role in providing comprehensive Maintenance, Repair, and Overhaul (MRO) services for another IAI subsidiary in India, ELTA Systems. This strategic move by IAI underscores its commitment to supporting the Indian government’s “Atmanirbhar Bharat” (Make in India) initiative, aimed at strengthening India’s indigenous defense capabilities.
Yoav Turgeman, Vice President of IAI and CEO of ELTA, highlighted the strategic significance of the acquisition, stating, “The acquisition of HELA Systems reflects our strategic transformation to provide fast direct access to ELTA’s superior solutions, fully aligning with India’s Atmanirbhar Bharat vision of achieving self-reliance. HELA leverages cutting-edge technology, innovation, and talent to ensure customer satisfaction, allowing customers to focus on their core missions”.
With this acquisition, IAI reaffirms its commitment to supporting India’s defense industry growth and bolstering its self-reliance goals. This partnership between IAI and HELA Systems is set to further strengthen the defense ties between Israel and India, fostering mutual growth and technological advancements in the defense sector.