Bharat Electronics Limited Board Approves Joint Venture Agreement with Safran Electronics and Defence for Project HAMMER
Bharat Electronics Limited's Board of Directors approved a Joint Venture Agreement with Safran Electronics and Defence, France for Project HAMMER on February 15, 2026. The 50:50 partnership will establish a Private Limited Company to operate a Center of Excellence for manufacturing and maintaining HAMMER Weapon System guidance kits, primarily serving Indian Air Force and Navy. The joint venture features equal shareholding, balanced board composition, and initial authorized capital of INR 1,00,000 expandable to INR 10,00,00,000.
