Bharat Electronics receives orders worth USD 33 mn from ELOP, Israel

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Capital Market
Last Updated : Feb 25 2019 | 12:31 PM IST
Bharat Electronics has received export orders valued about USD 33 Million from Elbit Systems Electro- Optics Elop, a subsidiary of Elbit Systems, Israel on 21 February 2019 at Aero India 2019, Bengaluru, for the manufacture and supply of state-of-the-art next generation EOIR payloads (CoMPASS Rev III, Trade Mark of ELOP) and another variant of EOIR payload (CoMPASS III, Trade Mark of ELOP) for Airborne applications.

As part of the Make in India initiative of the Government of India, BEL had already entered into Technical Collaboration Agreement (TCA) with ELOP for the Transfer of Technology for the manufacture of these EOIR payloads and for providing lifetime maintenance support at its manufacturing facility at Chennai.

BEL has already established the necessary infrastructure and is supplying the EOIR payloads manufactured at its facilities to domestic and foreign customers. BEL is augmenting these facilities for meeting the upcoming requirements of variants of EOIR payloads for the domestic and export markets.

In addition, BEL has also become a Global Supply Chain Partner of ELOP, Israel.

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First Published: Feb 25 2019 | 12:03 PM IST

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