Bharat Electronics Limited India (BEL) has signed an MoU with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) Ship-defence Systems. The Memorandum of Understanding (MoU) was signed on December 5, 2012 between the company and Israel Aerospace Industries Limited for their co-operation on future LRSAM ship-defence projects.
For several years IAI has been engaged in joint development programs with the DRDO and Indian defense industries for the Indian Navy and Indian Air Force, including joint manufacturing of sub-systems. The MoU lays out framework for BEL-IAI co-operation, under which BEL will function as the Lead Integrator and produce major sub-systems. IAI will continue to act as Design Authority and to produce sub-systems as a main sub-contractor of BEL.
10/12/12 Equity Bulls
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For several years IAI has been engaged in joint development programs with the DRDO and Indian defense industries for the Indian Navy and Indian Air Force, including joint manufacturing of sub-systems. The MoU lays out framework for BEL-IAI co-operation, under which BEL will function as the Lead Integrator and produce major sub-systems. IAI will continue to act as Design Authority and to produce sub-systems as a main sub-contractor of BEL.
10/12/12 Equity Bulls
