Bharat Electronics, Israel Aerospace Industries form Joint Venture Company

Bharat Electronics, Israel Aerospace Industries form Joint Venture Company

Daily Current Affairs   /   Bharat Electronics, Israel Aerospace Industries form Joint Venture Company

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Category : Miscellaneous Published on: October 07 2024

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  • India Electronics Limited (BEL) and Israel's leading aerospace and defense company Israel Aerospace Industries (IAI) have announced the establishment of a Joint Venture Company (JVC), which has been incorporated under the name of BEL IAI Aerosystems Private Limited.
  • The joint venture company will be a single point of contact (SPOC) to provide long-term product support to the Medium-Range Surface to Air Missile (MRSAM) systems of the India's defence forces.
  • The joint venture company has been set up to provide technical and maintenance lifecycle support for the country's MRSAM air defence systems.
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