Under the agreement, the new entity will localise manufacturing, supply and maintenance of HAMMER munitions for the Indian Air Force (IAF) and the Indian Navy.

India has moved to deepen its defence-manufacturing capabilities with a major joint venture between Bharat Electronics Limited (BEL) and France’s Safran Electronics & Defence (SED). The Ministry of Defence on Monday announced the signing of an agreement to produce the HAMMER smart precision-guided air-to-ground weapon system in India — a significant push towards defence indigenisation and reduced import dependence. ...

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Via businesstoday.in