Bharat Electronics Limited (BEL), a Navratna defence PSU, has approved the signing of a joint venture agreement with France-based Safran Electronics & Defence (SED) to manufacture the HAMMER (Highly Agile Modular Munition Extended Range) smart air-to-ground weapon system in India, with localisation of up to 60%.
The proposed 50:50 joint venture will focus on the local manufacturing, supply and maintenance of the HAMMER weapon system to meet the operational requirements of the Indian Air Force and the Indian Navy. Indigenisation will progressively increase to 60%, with key sub-assemblies, electronics and mechanical components to be produced domestically.
Production transfer will take place in phases, with BEL leading final assembly, testing and quality assurance activities. Over time, the JV is expected to deepen local manufacturing capabilities in advanced precision-guided munitions.
HAMMER is a combat-proven precision-guided weapon known for its high accuracy and modular design. It is adaptable across multiple platforms, including the Dassault Rafale and India’s indigenous HAL Tejas, enhancing operational flexibility for frontline aircraft.
The joint venture company will also establish a Centre of Excellence to function as a technology and teaming partner. According to BEL’s regulatory filing, operationalisation of the JV agreement is subject to regulatory and administrative approvals in both India and France.
The company will be incorporated with an initial authorised share capital of ₹1 lakh (1,000 equity shares of ₹100 each), which may be increased up to ₹10 crore or such other amount as required. The registered office and principal place of business will be located in Pune or another mutually agreed location.
The board will comprise four directors, with two nominees each from BEL and SED. The Chairman will be appointed by the nominees and will not have a casting vote.
The partnership marks a significant step in strengthening India’s defence industrial base while leveraging Safran’s expertise in smart precision-guided air-to-ground weapon systems.