L&T smiles with $680m orders from forces

Larsen & Toubro (L&T) has orders worth $680 million from the Indian defence forces, which are to be completed over a five years. “We have to prove ourselves in India first before we can go elsewhere,” L&T’s Chairman A M Naik said at a meeting with newspersons on the sidelines of Aero India 2007, where companies such as EADS and Boeing Co are competing to grab a slice of India’s defence spendings. L&T also announced that it has entered into a MoU with US aircraft maker Boeing, to jointly explore business opportunities in India’s defence sector.

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