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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

BEL to make components for Boeing's Hornet fighter jet

Friday - Mar 29, 2013, 10:50am (GMT+5.5)
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Bangalore - State-run defence behemoth Bharat Electronics Ltd (BEL) will manufacture sub-assemblies for the Boeing Super Hornet fighter jet under a follow-on contract with the US-based global aerospace major.

"Under the follow-on contract of 2011, BEL will deliver components for our F/A-18E/F Super Hornet and P-8I maritime reconnaissance aircraft," Boeing said in a statement here Thursday.

The extended contract envisages BEL to produce parts such as ground power panel, helmet vehicle interface stowage and switch assembly and cockpit console panels for Super Hornet.

BEL will also produce a stowage panel for the joint helmet mounted cueing system connector cable and an avionics cooling system fan test switch panel with a night vision imaging system-compatible floodlight assembly.

For the P-8I, the Bangalore-based company will provide the identification friend or foe interrogators and data link II communications systems.

"Relationship with BEL demonstrates our commitment to working with the Indian aerospace industry to provide customers with best products while fostering global growth and market access," Boeing's defence, space & security vice-president Dennis Swanson said in the statement.

"We believe this strategic cooperation with Boeing is a great opportunity for us to take the relationship to greater heights," said BEL marketing director H.N. Ramakrishna.

The Indian Navy has ordered in 2009 eight P-8I long range maritime reconnaissance aircraft to intensify offshore surveillance over the country's territorial water and exclusive economic zone.

BEL is also partnering with Boeing at the latter's analysis and experimentation centre in Bangalore since 2009.

As a defence electronics firm, BEL designs, develops and manufactures a range of command, control, communications, computing and intelligence solutions; military communication systems; radars and sonars, besides naval and electronic warfare systems for defense and security applications.

The $33-billion Boeing's subsidiary for defence, space and security manufactures special aircraft for military and security agencies the world over.


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