-1.35 (-0.33%) Ordnance Factory Board (OFB) and Bharat Electronics (BEL) have signed a memorandum of understanding (MoU) to continue their existing co-operation in the field of Air Defence & Artillery Gun Systems, Armoured Fighting Vehicles, Arms & Ammunition and related Products, Systems and Accessories, leveraging complementary strengths, to meet the requirements of Indian Defence forces among others.
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.