On Feb 16, 9:34 pm, "Unrevealed Source"
wrote:
So, buy your E1/G1 and contribute to the profit that BEL turns over to
the Gov't of India (and yes, BEL regularly turns over a profit to the
GOI).

You are aware that US firms turn over a portion of their profit to the US
Government, right?

Right, bud. Maybe you missed what I was getting at there...

Bharat Electronics is a Public Sector Undertaking of the Defence
Production Department of India's Ministry of Defence.

Note (to borrow from Wikipedia): "The public sector is the part of
economic and administrative life that deals with the delivery of goods
and services by and for the government"

Today, there privately traded shares of Bharat Electronics on the
Bombay Sensex; but, to be sure, the GOI is the dominant shareholder in
this enterprise. The GOI holds some 75.9% of BEL shares. So, when I
wrote of BEL turning over a profit to the GOI, I was referring to
dividend payments (refer to the GOI Public Information Bureau released
referenced).

Contracts from India's Ministry of Defense by far constitute the bulk
of Bharat Electronics' sales. Indeed, civilian sales and exports to
foreign gov'ts account for only about 16% of Bharat Electronics'
revenues.

Hey, here in the US, we might have the Tobyhanna Army Depot, with all
of the great work they carry out for CECOM; but the big production
contracts for military communications go to private firms, such as
ITT, Harris, Thales, General Dynamics, etc...