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Thales, BEL sign JV for radars

Bharat Electronics Limited (BEL) and Thales have been approved to incorporation a joint venture company, BEL-THALES Systems Limited. This joint venture (JV) Company will primarily focus on the design, development, marketing, supply and support of civilian and select defence radars for India and the global markets. BEL holds a 74 % stake while Thales holds 26% of the equity in the JV Company. The initial product portfolio of BEL-THALES Systems Limited will comprise innovative solutions for air surveillance, including Air Traffic Management radars, and select ground-based military radars. Source: http://www.dnaindia.com/money/report-thales-and-bharat-electronics-form-a-joint-venture-in-india-2023746

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