BEL Inks MoU With Israel Aerospace Industries
Navratna Defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel’s leading aerospace and defense company, have recently signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in addressing India’s requirements in the domain of Short Range Air Defence Systems. The Memorandum of Understanding was officially signed in Bengaluru.
The partnership between BEL and IAI is not a new development; these two entities share a long history of association. They have been engaged in various joint development, production, and product support programs for the Indian Defense forces. This MoU is yet another milestone in their collaboration, signaling their commitment to further solidify their synergy.
The MoU between BEL and IAI aligns perfectly with the ‘Atmanirbhar Bharat‘ (Self-Reliant India) and ‘Make in India‘ policies of the Government of India. These policies emphasize the importance of domestic manufacturing and self-sufficiency in defense capabilities. By pooling their strengths and expertise, BEL and IAI aim to contribute significantly to these national objectives.
IAI, known for its exceptional capabilities in aerospace and defense technologies, caters to both defense and commercial markets. Focused on innovation and armed with proven expertise, IAI provides a wide range of solutions, including space technologies, UAVs, missiles, intelligence solutions, air defense systems, radars, and more.
BEL was established to strengthen India’s self-sufficiency in the field of Defense electronics. It operates across a diverse spectrum, manufacturing cutting-edge products and systems for various sectors, including radar, missile systems, military communications, and naval systems. The company’s expansion ventures extend into non-defense sectors, encompassing electronic voting machines, homeland security and smart cities, satellite integration & space electronics, as well as cybersecurity.
Find More News Related to Agreements
World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…
The Indian government has announced plans for public sector companies like Coal India, NMDC, and…
In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…
The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…
In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…
The Indian Army is poised to elevate its air defense capabilities with the impending delivery…