Bharat Electronics

India: Bharat Electronics is involved in the development of the nuclear capable Akash missile for the Indian nuclear arsenal.

Company profile

Bharat Electronics, based in India, manufactures and supplies electronic products to defence services in India.[i] The Indian government has a 75.86% stake in the company.[ii]

In the financial year ending 31 March 2012, Bharat Electronics reported revenues of Rp 65.1 billion (€ 937 million), resulting in a net profit of Rp 8.5 billion (€ 122 million).[iii]

Nuclear weapons

Bharat Electronics is involved in the development of the Akash, a mid-range surface-to-air nuclear-capable missile system developed by India’s state-owned Defence Research and Development Organisation (DRDO).[iv] The Indian Air Force approved the addition of the Akash missile system to its arsenal in 2010.[v] While Bharat Dynamics (another state-owned company) is the main manufacturer for the solid-fuel missile, Bharat Electronics is contracted for the radar system, and according to media reports for other electronic support systems.[vi]



[i][i]         Bloomberg Businessweek, “Bharat Electronics Ltd.”, Website Bloomberg Businessweek (investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BHE:IN), viewed June 2013.

[ii]         Bharat Electronics, “Annual Report 2011/12”, Bharat Electronics, 30 July 2012 (www.bel-india.com/sites/default/files/AR_2011-12.pdf).

[iii]        Bharat Electronics, “Annual Report 2011/12”, Bharat Electronics, 30 July 2012 (www.bel-india.com/sites/default/files/AR_2011-12.pdf).

[iv]        Times of India, “Nuclear-capable Akash missile test fired”, Website Times of India, 13 December 2007 (articles.timesofindia.indiatimes.com/2007-12-13/india/27973517_1_akash-missile-nuclear-capable-multi-target-missile).

[v]         Airforce Technology, “Indian Air Force Approves Akash Missile”, Website Airforce Technology, 1 February 2010 (www.airforce-technology.com/news/news75582.html/).

[vi]        Bharat Electronics, “Annual Report 2011/12”, Bharat Electronics, 30 July 2012 (www.bel-india.com/sites/default/files/AR_2011-12.pdf).
Army Technology, “Akash Surface-to-Air Missile System, India”, Website Army Technology (www.army-technology.com/projects/akashsurfacetoairmis/), viewed June 2013.

Producers

In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.

Methodology

The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.