SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bharat Electronics signs MoU with Israel Aerospace Industries

16 Feb 2023 Evaluate

Bharat Electronics (BEL) has signed a Memorandum of Understanding (MoU) with Israel Aerospace Industries (IAI) for domestic manufacture and supply of its Long Range Artillery Weapon System (LORA) for the Indian Tri-services. The state-of-the-art strategic weapon system will be manufactured by BEL, as the prime contractor, based on the workshare arrangement with IAI.

The MoU, signed at the ongoing Aero India 2023 in Bengaluru, is an outcome of the growing partnership between India and Israel in the field of high technology strategic defence systems, and is in line with the Government of India's 'Make in India' initiative for major weapon systems.

Developed by IAI's 'MALAM' division, LORA is a sea-to-ground and ground-to-ground system which comprises a long-range ballistic missile, a unique launcher, a command and control system, and a ground/marine support system. The LORA system provides ballistic assault capabilities for multiple ranges with a precision level of 10 metres CEP (circular error probable).

BEL is a multi-product, multi-technology, multi-unit conglomerate with various 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.

Bharat Electronics Share Price

462.70 7.10 (1.56%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×