Thursday, February 08, 2007
Bharat Electronics Ltd has announced that on February 07, 2007, the Company signed an MoU with Elbit Systems Electro Optics ELOP Ltd, Israel, for selling up a Joint Venture Company (JVC) for co-operation in the development, production and marketing of Thermal Imaging Cameras and Forward Looking Infra Red (FLIRs) for the Indian and global markets. The JVC will develop and market products. The products will be manufactured by the Company and ELOP.
Also, the Company gave a Letter of Intent to Elbit for manufacture of Tactical Computers and Elbit gave Supply Order worth approximately US $ 0.45 million to the Company for Gun Display Unit and other accessories required for Ireland.
The Company also signed an MoU with Northrop Grumman Corporation on February 07, 2007 to explore business opportunities on potential co-production opportunities in support of the Indian government’s current and future aerospace and defence electronics requirements as well as Northrop Grumman’s international market requirements.
The MoUs were signed in ceremonies at the Aero India 2007 air show and exposition, which is taking place from February 7 to 11 at the Yelahanka Air Force Station in Bangalore.
08/02/07 Equity Bulls
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Also, the Company gave a Letter of Intent to Elbit for manufacture of Tactical Computers and Elbit gave Supply Order worth approximately US $ 0.45 million to the Company for Gun Display Unit and other accessories required for Ireland.
The Company also signed an MoU with Northrop Grumman Corporation on February 07, 2007 to explore business opportunities on potential co-production opportunities in support of the Indian government’s current and future aerospace and defence electronics requirements as well as Northrop Grumman’s international market requirements.
The MoUs were signed in ceremonies at the Aero India 2007 air show and exposition, which is taking place from February 7 to 11 at the Yelahanka Air Force Station in Bangalore.
08/02/07 Equity Bulls
Labels: Bharat Electronics, India
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