The company said in a regulatory filing on Thursday that the Teaming Agreement was signed at a virtual ceremony held on January 13, 2021. NP Diwakar, Director (Technical), BDL, Alex Cresswell, CEO Thales, in the UK and Emmanuel de Roquefeuil, VP and Country Director, Thales in India, signed the agreement in the presence of Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL.
Jeremy Quin, Minister for Defence Procurement, Government of UK and Mark Goldsack, Head of UK Defence & Security Exports, Government of UK graced the occasion.
BDL will become a part of the STARStreak global supply chain, providing the opportunity for export of the system to existing and future STARStreak Air Defence customers, including the UK Armed Forces through this agreement.
BDL, as a part of its Global Outreach, is endeavouring to forge alliance with foreign companies to take the ‘Make in India’ mission further.
Earlier, Thales and BDL have signed a „Memorandum of Understanding‟ to assess the opportunity for the transfer of technology for STARStreak. The signing of this teaming agreement confirms a positive outcome from that exploration process.
“Today’s agreement will also provide opportunity for BDL to offer STARStreak missile system to the Indian Armed Forces with a minimum of 60% of indigenous content, as well as Design and Development of the system, qualifying it under the ‘Make in India’ programme.
The agreement also represents opportunity for industrial cooperation between UK and India and will facilitate for closer collaboration and co-development between industries of the two nations,” company said.
Bharat Dynamics Ltd ended at Rs347.90 per piece up Rs10.30 or 3.05% on the BSE.