Corporate News 14-Dec-18
Premier Explosives signs MoA with Indian Air Force
For design and development of chaffs and flares
Premier Explosives has entered into a Memorandum of Agreement (MoA) with Indian Air Force, New Delhi for Design and Development of Chaffs and Flares. During Prototype Development Phase, the project comes under 'Make II (Industry Funded)' and thereafter, during Procurement Phase, comes under 'Buy (Indian - IDDM)' category. The project is to be executed within 52 weeks at the company's cost. The company is eligible for protection of Intellectual Property Rights (IPR) as per Defence Procurement Policy 2016.
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