New Delhi, Jan 29 (PTI) Apollo Micro Systems Ltd (AMSL) and Garden Reach Shipbuilders & Engineers Ltd (GRSE) have signed an agreement to explore business opportunities in defence and other sectors.

The Memorandum of Understanding (MoU) is to establish a business partnership for the joint research and development (R&D), co-production, export of underwater weapons and vehicles, underwater communication systems and air defence systems, AMSL said in an exchange filing.

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The MoU also aims supply of advanced weapons and electronic systems for both defence and non-defence industries, it said.

Hyderabad-based Apollo Micro Systems Ltd (AMSL) offers technology-based solutions in sectors such as infrastructure, transportation, and aerospace.

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