- 27 Apr 2022
- ICICIdirect Research
HAL, BEL SIGN CONTRACT FOR INDIGENOUS IRST
HAL - 4446 Change: -36.10 (-0.81 %)News: Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) have signed a contract for co-development and co-production of Long Range Dual Band Infra-Red Search and Track System (IRST) for Sukhoi Su-30 MKI fighter jets. The contract was signed under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative.
Views: IRST was one of the defence equipments in the recently notified third positive indigenisation list by Govt with effect from Dec-26. It will be a high end strategic technology product in the field of defence avionics and technically competitive to existing IRST system in the global market. We believe that indigenous development and manufacturing of IRST is a big opportunity for HAL & BEL as all the new aircraft procurements by IAF will be a major driving force for new avionics with modern capabilities.
Impact: Positive