BEML advances after signing partnership with Lockheed Martin

BEML rose 3.27% to Rs 812 at 09:55 IST on BSE after the company signed a certificate of partnership with Lockheed Martin Aeronautics Company to explore global & domestic opportunities. The announcement was made after market hours yesterday, 21 February 2019. Meanwhile, the S&P BSE Sensex was up down 78.68 points, or 0.22% at 35,819.67

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 74,000 shares in the past two weeks. The stock had hit a high of Rs 815 and a low of Rs 795 so far during the day.

BEML signed a Certificate of Partnership with US-based Lockheed Martin Aeronautics Company. This step opens up avenues for collaboration between the two companies to explore manufacturing of support equipment opportunities in aerospace. Read More

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