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Friday, December 03, 2010

India eyes producing more Akash missiles, BEL expects windfall

Akash SAMDefence major Bharat Electronics Limited expects to bag contracts worth at least Rs 10,000 crore in the next few months from Indian Air Force and the army to produce several squadrons of Akash missile system.

Bangalore-based BEL has already bagged a Rs 1,221 crore order from IAF to produce two squadrons of the surface-to-air area defence guided missile system.

"They (IAF) are going to place another order for six squadrons shortly (in a month)," said P C Jain, general manager of BEL's military radar business unit.

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