COAT's online PETITION now!
Stop CPP investments in firms selling military, police, spy or prison-related products
|Bharat Electronics Ltd.||
This is the online version of
The close military links between India and Israel are exemplified by partnerships, joint ventures and contracts between Bharat and some of Israelís largest war industries.
(1) Rafael: In 2008, Bharat announced a joint venture with Rafael. (See "State-owned Israeli War Industries.") They agreed to jointly produce "missile electronics and guidance technologies." In 2010, India Defence Online noted that the "joint venture will produce missile seekers or ĎHomersí for both the countryís needs." These homing devices, for use by the Indian and Israeli militaries, are guidance systems used in interceptor missiles. These radar systems control "the core actions of the missile" such as the "detection of enemy targets." They also guide "the missile to destroy the target." Bharat holds 74% in the venture, while Rafael owns the rest.
(2) Israel Aerospace Industries (IAI): Bharat is making subsystems for Unmanned Aerial Vehicles built by Malat, a subsidiary of state-owned IAI. Another Bharat-IAI project was to upgrade Indiaís Schilka tank weapon system, including its radar, weapons-firing systems, engines, optronics and displays. (See "State-owned Israeli War Industries.")
(3) NICE Systems: Bharat is the "strategic partner" and "prime contractor" for this Israeli "homeland security" company on a "video surveillance" system which uses "advanced video analytics" and "multimedia incident information management." (See NICE Systems in table "CPP Investments.")
(4) Elisra Electronics: Bharat and Elisra, a subsidiary of Israelís largest war industry, Elbit Systems, are working together on "various airborne electronic warfare programmes."
(5) Aryt Industries: Bharat has a ten-year cooperation agreement with this Israeli military electronics and electro-optical equipment maker. The joint project will supply one million electronic artillery fuses for India.
While some of these relationships between Bharat and Israeli military firms serve primarily to promote Israelís export of weapons systems to India, there are spin-off effects which build the capacity of Israelís war industries to meet the needs of their own governmentís military forces.
COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66. Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):
pdf 3M Co
pdf Amdocs Ltd
pdf Analog Devices Inc
pdf BAE Systems
pdf Bank Hapoalim
pdf Bharat Electronics Ltd
pdf CAE Inc
pdf Carlyle Group
pdf Caterpillar Inc
pdf Cellcom Israel
pdf Cisco Systems
pdf CRH plc
pdf Daewoo Engineering & Construction
pdf Daimler AG
pdf Delek Group
pdf Dell Inc
pdf Discount Investment Corp
pdf Doosan Corp
pdf Eaton Corp
pdf Elbit Systems
pdf EMC Corp
pdf Evraz Group
pdf Fiat Industrial
pdf Fiat SpA
pdf Fujitsu Ltd
pdf Hewlett-Packard Co
pdf Hitachi Ltd
pdf Honeywell International
pdf Hyundai Motor Co
pdf Hyundai Heavy Industries
Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus
State-owned Israeli War
Vertex Venture Capital:
CPP Investments worth $1.5
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
Social Networking - Facebook
Top 100 Defense Contractors, Defense News
Rafael and BEL agree to set up JV, Feb. 16, 2008.
Bharat Electronics & Rafael to Forge Tie-up for Missile
Seekers, April 27, 2010.
"BEL records Rs.4114 cr turnover," April 30, 2008.
"BEL signs term sheet, MoUs at Defexpo 2008," February 21,
Notice to Shareholders, September 1, 2009.
"TEXT-Nice Systems gets India deal worth over $5 mln,"
Reuters, May 24, 2010.
"Electronics co Aryt progresses in India Army bid," Globes,
March 24, 2010.