Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines

BEL-Thales JV to make radars for civil & defence use

Line Spacing+- AFont Size+- Print This Article

An unrelated file photo.

NEW DELHI (PTI): State-run Bharat Electronics Limited (BEL) and French major Thales have agreed to form a joint venture company in India to design, develop, market and supply civilian and defence radars in local and global markets.

"BEL and Thales are delighted to announce that boards of both companies have approved the formation of a joint venture company.The company will be involved in the design, development, marketing, supply and support of civilian and select defence radars for Indian and global markets," the companies said in a joint statement here on Wednesday.

Thales will hold 26 per cent stake in the company - the maximum shareholding permitted for a foreign company in a defence joint venture in India. Bharat Electronics will own the majority 74 per cent, it said.

The formation of the new company is subject to approvals from the governments of India and France, the statement said.

BEL, a defence PSU, has been making radars for the Indian armed forces, including the Indra-II and the Rajendra radars.

It also provides support to the armed forces in maintaining their radars procured from foreign sources.

Thales has also been a major player in the Indian defence sector and recently won a USD 2.3 billion contract with Dassault Aviation from India for upgrading IAF's Mirage-2000 aircraft fleet.

Tags:

BEL  Thales  JV  Radar  
Line Spacing+- AFont Size+- Print Article

Other Related News

Rakesh Sharma confident about Gaganyaan mission launch by 2022

Wing Commander Rakesh Sharma, the first Indian to travel to space, has said that the human interface in the 'Gaganyaan' project makes it a challenging one, and expressed confidence about ISRO launching it by 2022.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2019

Image Gallery