Bharat Electronics, Israel Aerospace Industries form joint venture company

Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel’s leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. The JVC with its registered office in Delhi shall be the single point of contact (SPOC) for extending long-term product support to the Medium Range Surface-to-Air Missile (MRSAM) systems of India’s defence forces, Bengaluru-headquartered BEL said in a statement on Thursday.