News from HAL

ABSTRACT

[...]based on the improved financial performance and cash flow position, the Credit Rating Agencies CARE Ratings and ICRA Limited have upgraded the Company's credit rating from AA+ Stable to AAA/Stable during the financial year. HAL and BEL sign contract for indigenous IRST HAL and BEL signed a contract for co-development and coproduction of Long Range Dual Band Infra-Red Search and Track System (IRST) for Su-30 MKI on 26 April 2022 under the MAKEII procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative. The proposed IRST system will be a high end strategic technology product in the field of defence avionics and technically competitive to existing IRST system in the global market with features of Television Day Camera, Infrared and Laser sensors in single window for air to air and air to ground target tracking and localisation.