Bangalore. Navratna Defence PSU Bharat Electronics Limited (BEL) has signed a contract with the Ministry of Defence, Government of India, on September 13, 2019, for procurement of Seven Squadrons of Akash Missile System for the Indian Air Force.

This is a turnkey contract with specialist infrastructure. The total value of the contract is Rs.5,357.00 Crores (Rupees five thousand three hundred and fifty-seven crores only) and the delivery will be completed in 3(three) years. These systems will be commissioned at seven Air Force locations spread across Pan India.