Joint Venture Between Rafael, BEL Now On Track
Aerospace Daily & Defense Report March 30, 2010 NEW DELHI —Israel’s Rafael Advanced Defense Systems is close to accepting a 26% equity stake in a joint venture with India’s public sector company, Bharat Electronics Ltd., giving speed to the overdue project. The venture is to develop advanced imaging infrared seekers for the Python 5 fifth-generation air-to-air missile.India has ordered 18 Spyder systems that use advanced air-to-air missiles as ground-launched surface-to-air missiles. Besides the Python 5, it has the beyond-visual-range Derby missile, which has an active seeker. BEL says it hopes the joint venture will be sealed within four months. The venture will encourage development of indigenous missile and guidance technologies within India and will enable Rafael to meet offset requirements by transferring technologies and workshare. India restricts foreign equity in defense projects to 26%. This has been a bone of contention among foreign companies that say they are con...