BEL

Bharat Electronics ; Co Signs JV with Safran Electronics & Defense for HAMMER Weapon System • 🤝 Strategic JV Approved: BEL and Safran Electronics & Defense to form a 50:50 joint venture for Project HAMMER. • 🛡️ Defence Focus: JV to act as a Centre of Excellence for manufacturing, supply, maintenance and repair of guidance kits for HAMMER weapon systems. • ✈️ Key End Users: Indian Air Force and Indian Navy expected to be primary customers, supporting defence indigenisation. • 🏢 Governance Structure: Equal shareholding with balanced board representation (2 directors each). • 🇮🇳 Make-in-India Boost: Expected to strengthen local defence manufacturing and technology transfer capabilities. 🟢 Impact: Positive Strategic defence collaboration with global technology partner enhances BEL’s long-term growth visibility in high-value defence electronics and supports localisation initiatives.