The BrahMos Aerospace Private Limited is a joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 between the Defence Research and Development Organization (DRDO) of India and the Federal State Unitary Enterprise NPO Mashinostroyenia (NPOM) of Russia under BrahMos Aerospace. The missile Brahmos

BrahMos

BrahMos is a stealth supersonic cruise missile that can be launched from submarines, ships, aircraft or land. It is a joint venture between Republic of India's Defence Research and Development Organisation and Russian Federation's NPO Mashinostroeyenia who have together formed BrahMos Aerospace...

 is named after two rivers, the Brahmaputra and the Moskva

Moskva River

The Moskva River is a river that flows through the Moscow and Smolensk Oblasts in Russia, and is a tributary of the Oka River.-Etymology:...

.

History

It was after the Gulf War of 1990(s) there was a necessary feeling to have a cruise missile system in India. As a result in 1998, then President of India K. R. Narayanan

K. R. Narayanan

Kocheril Raman Narayanan , also known as K. R. Narayanan, was the tenth President of India. He was the first Dalit, and the first Malayali, to have been President....

and Deputy Defence Minister of Russia N.V.Mikhailov signed Inter-Governmental Agreement in Moscow.

India holds 50.5% share stake in the company and Russia holds the other 49.5% .

Aim and Objective

The aim of the agreement and formation of a joint company was to design, develop, manufacture and market world's only and the fastest supersonic cruise missile system.

External links

• BATL set to make BrahMos engines
• BrahMos Aerospace plans expansion
• New missile race: America and Russia are joined by India and China