MoneyWorks4Me

Bharat Electronics bags export orders from ELOP

25 Feb 2019 Evaluate

Bharat Electronics (BEL) has received export orders valued about $33 million from Elbit Systems Electro Optics Elop (ELOP), a subsidiary of Elbit Systems, Israel, on February 21, 2019, at Aero India 2019, Bengaluru. The orders are for the manufacture and supply of state-of-the-art next generation EOIR payloads and another variant of EOIR payload for Airborne applications.

As part of the Make in India initiative of the Government of India, BEL had already entered into Technical Collaboration Agreement (TCA) with ELOP for the Transfer of Technology for the manufacture of these EOIR payloads and for providing lifetime maintenance support at its manufacturing facility at Chennai.

BEL is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.

Peers
Company Name CMP
Hindustan Aeronaut. 4739.00
Bharat Electronics 386.00
Aequs 259.95
Astra Microwave Prod 1590.15
Axiscades Tech. 1884.40
View more..