BEL, Thales to make high-tech radars

SP's MAI - - MILITARY -

Bharat Elec­tron­ics Ltd. (BEL) and Thales have signed a mem­o­ran­dum of un­der­stand­ing to make high-tech radars for mil­i­tary and civil­ian use.

“Fol­low­ing the sign­ing of the mem­o­ran­dum of un­der­stand­ing on Novem­ber 17, 2009, pub­lic sec­tor com­pany, Bharat Elec­tron­ics Lim­ited (BEL) and Thales are de­lighted to an­nounce that the Boards of both com­pa­nies have ap­proved the for­ma­tion of a joint ven­ture com­pany (JVC) sub­ject to statu­tory ap­provals of the Gov­ern­ment of In­dia and the French Gov­ern­ment,” Thales said.

The joint ven­ture will de­sign, de­velop and mar­ket the radars. BEL would hold a 74 per cent eq­uity stake in the joint ven­ture, putting in around $10 mil­lion, while Thales would take the re­main­ing 26 per cent. of col­lat­eral dam­age and im­proves ef­fi­ciency.

It is planned to in­tro­duce the SPACIDO sys­tem into op­er­a­tional use in the French Armed Forces af­ter qual­i­fi­ca­tion in 2014. Many Armed Forces in other coun­tries have al­ready shown a keen in­ter­est in this so­lu­tion.

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