Bharat Electronics Ltd (BEL) has signed a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) ship-defence systems.
The company said a MoU was signed on December 5 between BEL and IAI-Israel concerning their cooperation on future LRSAM ship-defence system projects.
Ramakrishna, Director-Marketing of BEL, said: “We see IAI as a strategic partner with a wide range of potential joint activities. This MoU demonstrates that BEL and IAI can work closely together on the most sophisticated and advanced programme for the mutual benefit of both companies.”
Ramakrishna further added: “We will continue to operate under the active support and guidance of the DRDO.’’
The MoU lays out the framework for BEL-IAI cooperation, under which Bharat Electronics will function as the lead integrator and produce major sub-systems. IAI will continue to act as design authority and to produce sub-systems as a main sub-contractor of BEL.