Larsen & Toubro Limited has informed the Exchange regarding a press release dated November 19, 2025, titled "Larsen & Toubro and BAE Systems secure IndianArmy licensed manufacturing contract for BvS10".
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Larsen & Toubro has announced, via a press release dated November 19, 2025, that it has secured a licensed manufacturing contract for BvS10 vehicles for the Indian Army, in partnership with global defence major BAE Systems. The BvS10 is an articulated all-terrain amphibious carrier used by armed forces worldwide, and the deal involves local manufacturing in India under licence from BAE Systems. This marks a notable addition to L&T's defence order book and reinforces its position as a key private-sector supplier to the Indian Armed Forces. The partnership also deepens L&T's collaboration with BAE Systems, one of the world's largest defence companies.
Positive for L&T shareholders — the contract strengthens the defence segment's order pipeline and highlights the company's growing role in 'Make in India' defence manufacturing, though specific contract value has not been disclosed.