Read more about Bharat Dynamics jumps on order win on Business Standard. Bharat Dynamics rose 3.32% to Rs 356.70 after the company said it has bagged orders worth Rs 632.88 crore.
Bharat Dynamics rose 1.53% to Rs 344.30 after the company said that it is geared up to take up export orders for Akash Missile.
With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for export, Bharat Dynamics (BDL), the manufacturer of Akash Missile, is geared up to take up export order.
Given the export potential and demand of Akash in the international market, BDL has been promoting the product at various forums including national and international exhibitions The missile being offered for exports will be of a different version. BDL is already supplying Torpedoes to a foreign country, it added.
Bharat Dynamics all set for exporting Akash missiles
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‘Company is confident of meeting the export demand’
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‘Company is confident of meeting the export demand’
Bharat Dynamics Limited (BDL), manufacturer of Akash Missile, is all geared to take up export order with the Union Cabinet clearing the proposal.
The Akash weapon system, designed and developed by DRDO with 96% indigenous content, is being manufactured by BDL at its Hyderabad unit with a large number of supply chain partners, which include public sector units, small and medium scale enterprises and the private industry.
The Akash missile has the capability to engage aerial threats up to the maximum range of 25 km and up to an altitude of 18 km operating at a speed range of 1.8 to 2.5 Mach. The missile has been successfully test fired on several occasions and meets the global standard of missiles of its category.
Tribune News Service
New Delhi, December 30
In a major move to boost domestic defence manufacturing, the Union Cabinet on Wednesday approved the export of indigenously-developed Akash missile system
Posting the video of Wednesday’s MRSAM test, the office of Defence Minister Rajnath Singh tweeted, “Raksha Mantri Shri Rajnath Singh has congratulated Team DRDO for the successful maiden launch of the Army version of MRSAM missile off the coast of Odisha today. The MRSAM Army version is a Surface to Air Missile developed jointly by DRDO and IAI, Israel.”
The DRDO said in a tweet, “Maiden launch of Medium Range Surface to Air Missile (MRSAM) Army Version from Integrated Test Range, Chandipur, off the Coast of Odisha, was conducted at about 4 pm. The missile destroyed the high-speed unmanned aerial target, which was mimicking an aircraft, with a direct hit.”