Israel Aerospace Industries (IAI), Israel’s leading aerospace and defence company, and Navratna Defence PSU Bharat Electronics Limited (BEL), the leading manufacturer of defence electronic products and systems for India’s defense sector, have signed the agreements to form a joint venture that will extend product support services for India’s Defence Forces. Bharat Electronics Limited (BEL) primarily manufactures advanced electronic products for ground and aerospace applications.
The announcement of the contract signing was made by Honourable Raksha Rajya Mantri (Minister of Defence for state, India) Shri Ajay Bhat during the Aero India 2023 event which is being held at the commercial hub city of Bengaluru in the coastal State of Karnataka India. An agreement was signed by BEL and IAI in this regard on February 14 in Aero India in Bengaluru, India.