Bharat Electronics updates on its participation at Aero India 2007

Bharat Electronics Ltd has announced that the Company is constantly innovating to manufacture state-of-the-art professional electronic equipment and components for the international market; the Company manufactures a wide range of Military Communication Systems, Radars and Sonars, Naval Systems, Telecom & Broadcast Systems, Electronic Warfare Systems, Tank Electronics, Opto Electronics, Professional Electronic Components and Solar Powered Systems.

At Aero India 2007, the Company is displaying its wide range of products and equipment including Communication equipment, Command and Control Systems, Radars and Sonars, Opto Electronics and Thermal Imaging products, Electronic Warfare Systems, Tank Electronics, Simulators and Avionic Systems.

The Company is highlighting its capabilities to offer both ‘Build to Print’ and ‘Build to Spec’ solutions for foreign manufacturers seeking Indian partners to meet their offset requirements.

The Company signed an MoU with Elbit Systems Electro Optics ELOP Ltd, Israel on February 07, 2007 for setting up a Joint Venture Company (JVC) for co-operation in the development, production and marketing of Thermal Imaging Cameras and Forward Looking Infra Red (FLIRs) for the Indian and global markets. The JVC will develop and market products. The products will be manufactured by the Company and ELOP.

The Company gave a Letter of Intent to Elbit for manufacture of Tactical Computers and Elbit gave a Supply Order worth approximately US $ 0.45 million to the Company for Gun Display Unit and other accessories required for Ireland.

The Company signed an MoU with Northrop Grumman Corporation on February 07, 2007 at Aero India 2007 to explore business opportunities on potential co-production opportunities in support of the Indian government’s current and future aerospace and defence electronics requirements as well as Northrop Grumman’s international market requirements.

The Company is also slated to sign an MoU with Lockheed Martin Aeronautics Company at Aero India 2007 to explore the feasibility of working together so as to offer products which take advantage of the best of their respective technology, experience and expertise potential customers. Under the MoU both the Companies will seek to identify market opportunities in India and abroad.

In addition to its indoor display in Hall D, the Company also has an Outdoor display of some of its larger products. For the first time, the Company is selling some of its products like the Solar Lantern, Set Top Box for Free To Air Channels and Memory Stick at its outdoor display area at Aero India 2007. A special exhibition discount of 10 per cent is being offered on these products.

Source : Equity Bulls

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