Synopsis
Bharat Electronics Limited will partner with France’s Safran Electronics & Defence. They will form a joint venture to produce HAMMER precision-guided air-to-ground weapon systems in India. This collaboration aims to boost domestic defence manufacturing capabilities. The agreement signifies a 50:50 ownership structure for the new entity. This move aligns with the government’s indigenisation initiative.
ETMarkets.com Bharat Electronics Limited (BEL) shares are set to be in focus following a Ministry of Defence announcement. Bharat Electronics Limited (BEL) shares will be in focus on Tuesday, November 25, after the Ministry of Defence announced that the company has signed an agreement with France’s Safran Electronics & Defence to produce HAMMER precision-guided air-to-ground weapon systems in India.
As per the ministry’s statement, BEL and Safran have agreed to form a joint venture with equal shareholding to manufacture the HAMMER (Highly Agile Modular Munition Extended Range) weapon system domestically.
The ministry added that the agreement marks the formal establishment of a private limited joint venture company with a 50:50 ownership structure.
The new entity will take up production responsibilities for the HAMMER weapon platform within India, aligning with the government’s broader initiative to promote defence indigenisation. According to the ministry, the collaboration aims to support domestic manufacturing capabilities in the defence sector.
The HAMMER system is described as a modular, precision-guided air-to-ground munition designed to strike targets with high accuracy. The announcement stated that the system is known for its modular construction and precision-targeting abilities.
According to the Ministry of Defence, the local production of this weapon platform is expected to contribute to strengthening India’s manufacturing capabilities within the defence ecosystem and open further opportunities for advanced technology collaboration between India and France
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