BANGALORE, India, Feb. 7, 2007 (PRIME NEWSWIRE) -- Officials of Northrop Grumman Corporation (NYSE:NOC) and Bharat Electronics Limited (BEL) Bangalore, today signed a memorandum of understanding to explore business opportunities on potential co-production opportunities in support of the Indian government's current and future aerospace and defense electronics requirements as well as Northrop Grumman's international market requirements.
"This agreement will build on the individual strengths of our two world-class organizations to expand business opportunities in India," said Brian J. Morra, sector vice president of business development and strategic planning for Northrop Grumman's Electronic Systems sector, a world-leading provider of advanced military radar, electronic warfare and other avionics systems. "We look forward to working closely with BEL to help meet the leading-edge defense-related product and service needs of the Indian defense ministry as well as our international market requirement."
"Our partnership with Northrop Grumman will be mutually beneficial. It will help us provide innovative and high technology solutions for foreign manufacturers seeking Indian partners to meet their requirements. We will also provide contract manufacturing support for Northrop Grumman," said Mr. K. Prakash, general manager of international marketing for Bharat Electronics Limited. "We can offer 'build to print' as well as 'build to spec' solutions at our nine ISO 9001 certified manufacturing facilities," he added.
Bharat Electronics Limited, the leading Indian defense electronics company, manufactures a wide range of cutting-edge military communication systems, including radars and sonars, naval, telecom and broadcast and electronic warfare systems, tank and opto electronics, professional electronic components and solar powered systems. The company has approximately 95 percent of the Indian market share for strategic electronics.
Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.