Navratna Defence PSU Bharat Electronics (BEL) has signed a Memorandum of Understanding (MoU) with Saab, Sweden, recently for jointly marketing the L-Band 3D Air Surveillance Radar, RAWL-03, co-developed by BEL and Saab.

BEL has joined hands with Saab, Sweden and USA, to market the Long Range Air Surveillance Radar, a cost-effective L Band three dimensional (3D) radar, for early detection and tracking of air and surface targets, thereby enabling engagement of fire control systems to neutralise the same. RAWL-03 will be offered in both ship-borne and land-based configurations. The system is based on the state-of-the-art GaN TR Module technology and incorporates the latest Signal Processing techniques.

Saab serves the global market with world-leading products, services and solutions in military defence and civil security. Saab has operations and employees in all continents around the world.

Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs.

BEL, India's leading Defence electronics Company, is engaged in the design, manufacture and supply of state-of-the-art Radars like Weapon Locating Radar and Battle Field Surveillance Radar, Communication Systems, C4I systems, Naval Systems, Electronic Warfare Systems, Missile Systems, Night Vision Devices and other Electro Optic Systems, Tank Electronics and Gun/Weapon System Upgrades, Coastal Surveillance System, etc, for the armed forces.

Shares of the company declined Rs 2.9, or 2.79%, to settle at Rs 101.05. The total volume of shares traded was 381,811 at the BSE (Monday).