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Construction : Deals | October 2014 | Source : Construction Update

Bharat Electronics and Thales form JV for Defence Radars

Bharat Electronics Ltd (BEL) and French technology firm Thales are forming a Joint Venture (JV). This Joint Venture company will focus on the design, development, marketing, supply and support civilian and select defence radars for India and the global markets. Bharat Electronic Ltd (BEL) will hold a majority of 74 per cent stake in the Joint Venture, BEL-Thales Systems Ltd, with the residual stake resting with the French Technology firm. Initially the company will provide solutions for air surveillance, including Air Traffic Management radars, and select ground-based military radars.
 
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