Shares of this company have gained more than 45 per cent in the last one year.
BAE Systems Inc. and Larsen & Toubro Limited (L&T) have partnered to offer the BvS10, a world-leading articulated all-terrain vehicle (AATV), to the Indian Armed Forces. The BvS10 is a modular vehicle that can be configured for a variety of missions, including transporting personnel, command and control, ambulance service, vehicle repair and recovery, logistics support, situational awareness, and vehicle-mounted lethality. It is currently in service in several countries and has been ordered by the German Army.
The partnership between BAE Systems and L&T is a significant development in India's defence industry. It is a sign of the growing confidence of foreign companies in India's ability to manufacture high-quality defence products. The partnership will also help to boost India's defence exports.
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In recent years, India has made significant strides in defence product manufacturing. The government has implemented a number of policies to promote the domestic defence industry, including increasing the offset requirements for foreign defence contracts and setting up defence manufacturing corridors. The partnership between BAE Systems and L&T is a further sign of India's growing prominence in the global defence industry.
Larsen & Toubro is engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The shares of the company gained more than 220 per cent in the last three years.
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