Open ICICI
3-in-1 Account
Manage your Savings, Demat and Trading Account conveniently at one place
Manage your Savings, Demat and Trading Account conveniently at one place
News: Bharat Electronics (BEL) has signed an MoU with Aeronautical Development Agency (ADA) for many Line Replaceable Units (LRUs) for Advanced Medium Combat Aircraft (AMCA). The company has also signed an MoU with Goa Shipyard for cooperation in addressing global market opportunities for supply of state-of-the-art products such as autonomous boats, and other systems/solutions based on Artificial Intelligence for Naval platforms. DRDO has also given ToT of Shakti Electronic Warfare (EW) system to BEL for all system units
Views: The MoUs signed by BEL with Goa Shipyard will give the company an export opportunity in naval platforms. Transfer of technology for all systems of Shakti EW is also significantly positive as this EW is currently being installed on P-15B destroyers, P-17A frigates and will be used in next phase of these warships. MoU with ADA for LRUs of AMCA also gives strong visibility in terms of future order inflows as AMCA is one of the large projects for HAL & DRDO and expected to be inducted by IAF in large numbers in future
Impact: Positive