Bengaluru Sep 4 (IANS) Aerospace major Alpha Design Technologies on Tuesday opened a new facility to export defence electronic devices to Israel-based Elbit Systems valued at $14.5 million (Rs 103 crore).
The new facility is a joint venture company named Alpha-Elsec Defence and Aerospace Systems between city-based Alpha Design Technologies and Elbit.
"We are expecting additional orders worth $100 million (Rs 700 crore) for exports and $150 million (Rs 1 050 crore) worth orders from Indian market over the next three years " the Chairman and Managing Director of AAlpha Design Technologies Col. Shankar said.
The joint venture company s new facility allows testing assembly and integration for production of thermal imager based fire control systems eye safe lasers laser target designators and high-end unmanned aerial vehicles (UAVs) or drones.
About 51 per cent of the Alpha-Elsec Defence and Aerospace Systems is owned Bengaluru-based Alpha and 49 per cent by Israeli Elbit.

--IANS bha/prs