Overview

• Larsen & Toubro and Bharat Electronics announced a strategic partnership to support the Advanced Medium Combat Aircraft programme.
• The partners said they will submit a response in the coming weeks to the Aeronautical Development Agency’s Expression of Interest.
• L&T brings defence engineering and systems-integration strengths while BEL contributes defence electronics and systems expertise.
• Both firms previously supplied aero-structure modules and mission-critical avionics for the Light Combat Aircraft programme.
• Company chiefs SN Subrahmanyan and Manoj Jain endorsed the tie-up, and same-day trading showed minor moves with L&T up 0.18% and BEL down 0.69%.