BEL signs MoU with IAI for LORA Weapon System

At Aero India 2023, the biennial air show and aviation exhibition being held at Yelahanka Air Force Station, Bengaluru, Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a MoU with Israel Aerospace Industries (IAI) for domestic manufacture and supply of its LORA Weapon System for the Indian Triservices.

The state-of-the-art strategic weapon system weapon will be manufactured by BEL, as the prime contractor, based on the workshare arrangement with IAI.

The MoU is an outcome of the growing partnership between India and Israel in the field of high technology strategic defence systems, and is in line with the Government of India's Make in India initiative for major weapon systems.

Developed by IAI's MALAM division, LORA is a sea-to-ground and ground-to-ground system which comprises a long-range ballistic missile, a unique launcher, a command and control system, and a ground / marine support system. The LORA system provides ballistic assault capabilities for multiple ranges with a precision level of 10 meters CEP.

Shares of Bharat Electronics Limited was last trading in BSE at Rs. 97.80 as compared to the previous close of Rs. 94.65. The total number of shares traded during the day was 1416310 in over 10312 trades.

The stock hit an intraday high of Rs. 98.40 and intraday low of 94.25. The net turnover during the day was Rs. 136650688.00.

Source : Equity Bulls

Keywords

BharatElectronics INE263A01024 BEL Defence AeroIndia2023 MoU IsraelAerospaceIndustries