- 21 Jul 2023
- ICICI Securities
HAL AND ARGENTINA SIGNS LOI FOR LIGHT AND MEDIUM UTILITY HELICOPTERS
HAL - 5128 Change: 262.90 (5.40 %)News: Hindustan Aeronautics (HAL) and the Argentina government have signed a Letter of Intent (Lol) on productive cooperation and acquisition of Light and Medium Utility Helicopters for the armed forces of the Argentina.
Views: As the Argentina government and HAL have signed a LoI for light and medium utility helicopters, the final order is yet to be placed. This is significantly positive for HAL as it paves the way for export opportunity from other countries also where HAL is in discussions (like Philippines, Sri Lanka, Egypt, Maldives, Thailand and Nigeria). Moreover, with Safran manufacturing helicopter engines in India, the indigenization level of these platforms will increase substantially which increases the possibility of exports. Bharat Electronics (BEL) will also be the beneficiary considering that BEL is the supplier of electronic systems/sub-systems of these helicopters.
Impact: Positive