Lockheed Martin Partners With BEML Ltd.
Deepthi | Myequity news | Date : 21-02-2019 21:45:00 IST
BEML Ltd. a leading Public Sector Undertaking, under Ministry of Defence and US based Lockheed Martin Aeronautics Company, today signed a ’Certificate of Partnership’ at the ongoing AERO INDIA 2019 at Bengaluru. This step opens up avenues for collaboration between the two companies to explore manufacturing of support equipment opportunities in aerospace.
BEML is exploring global and domestic opportunities and benefit from the offset policy laid down for defence procurement by GOI. The Aerospace Division of BEML Limited in Mysuru and the upcoming aerospace facility at SEZ near Bengaluru is to take advantage of the domestic and global opportunities in the ever- expanding aerospace market and benefit from the 'Offset' policy laid down for defence procurement by Government of India.
BEML Limited, a leading multi-technology’ Miniratna-Category1 Company, under the Ministry of Defence, plays a pivotal role in serving India’s core sectors like Defence, Rail, Power, Mining and Infrastructure. BEML operates in three verticals viz. Defence & Aerospace, Mining & Construction and Rail & Metro and has state—of—the art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore and Palakkad.