Bharat Dynamics gets $255-mn export order after inking 10 deals
- IBJ Bureau
- Feb 21, 2023
Bharat Dynamics (BDL) on Monday said that it received an export order worth $255 million. It also said that the order would be executed, subject to government clearances.
The statement of the company was shared with the stock exchanges on Monday.
The State-owned aerospace and defence company had on last Thursday said that it had entered into 10 deals with several foreign and Indian companies during Aero India, 2023.
According to information available on the company’s website, BDL had entered into MoU with UK company Thales on Tuesday last to set up manufacturing facilities for laser-guided rocket and its major components in India. In addition, an agreement was signed by BDL with EDGE Group entity, Al Tariq, UAE, to jointly produce an all-weather, day or night, long-range, precision-guided munition (LR-PGM) kits in India.
Last year in October, BDL and Dassault Aviation had entered into an MoU for integration of the Bharat Dynamics’ weapon systems like Astra and Smart Anti-Airfield Weapon on Rafale Aircraft for the Indian Armed Forces and future export market.
Further, Bharat Dynamics and IIT Ropar had signed agreement to work together on research projects and technology development for missiles and underwater weapons, an official statement had said on October 21 last year.
BDL is a defence public sector undertaking, engaged in production and supply of various missile systems to the Indian Armed Forces. It has graduated from being a missile manufacturer to a weapon system integrator and has emerged as a complete solution provider for the Indian Armed Forces.