Lloyds Engineering Works (LEWL) on Friday announced the incorporation of a subsidiary 'Lloyds Advance Defence Systems' as a strategic push into the defence sector. This marks a definitive step in its roadmap to become a significant player in the defence landscape. Lloyds firmly believes that the defence vertical holds immense strategic importance and offers substantial growth potential for the future, the company said in a regulatory filing. The newly incorporated wholly-owned subsidiary Lloyds Advance Defence Systems Ltd. is dedicated exclusively to the rigorous demands of the sector enabling agility, specialised compliance, and a concentrated approach to indigenous manufacturing. "LEWL believes that this strategic synergy of global technology and robust local execution will serve as a c

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