Its non-defence products include turnkey system solutions, civilian radars, e-governance systems and homeland security. Its other range of products includes electronic voting machines, communication equipment, radar warning receivers and casings. BEL offers electronic manufacturing services in areas of printed circuit board assembly and testing, precision machining and fabrication, opto-electronics components and assemblies, and offsets, among others.
Revenues from the defence sector contribute most towards BEL’s revenues. Analysts say that post a strong year in 2018, the global aerospace and defence industry experienced a descent business environment in 2019. While the defence sector continued to soar, growth in the commercial aerospace sector has slowed. In 2020, the aerospace and defence industry is expected to get back to its growth trajectory with the commercial aerospace sector recovering from its decline in 2019.
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July 20, 2020