BEML inks pact with Lockheed Martin, shares jump 4%

NEW DELHI: Shares of BEML jumped over 4 per cent on BSE on Friday after the PSU and the US-based Lockheed Martin Aeronautics Company signed a 'Certificate of Partnership’ at the ongoing AERO INDIA 2019 at Bengaluru.

The step opens up avenues for collaboration between the two companies to explore manufacturing of support equipment opportunities in aerospace, the company said on Thursday.

The shares of the company closed 3.99 per cent up at Rs 817.65 on BSE.


With this, the stock extended its winning streak into the third consecutive session today. In the last three sessions, the stock has climbed over 8 per cent.