Bharat Electronics Limited (NSE:BEL) will manufacture 600 HAMMER precision-guided munitions for the IAF and Navy in a ~Rs 2,400 crore Make in India deal with Safran, a move that underscores BEL’s expanding defence-electronics role as demand for drone, missile and shipbuilding systems grows.
Previous Week Recap
- BEL To Manufacture HAMMER Munitions: Bharat Electronics Limited to manufacture 600 HAMMER precision-guided air-to-ground munitions for IAF and Navy under Make in India; deal ~Rs 2,400 crore, partnership with Safran.
- BEL Defence Electronics Demand Rising: Bharat Electronics (BEL) set to gain from rising demand for defence electronics—components for drones, UAVs, missiles—and a strong order book tied to defence shipbuilding and government contracts.
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