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Jefferies India has initiated coverage on Hindustan Aeronautics (HAL) and Data Patterns with Buy rating and remained positive on Bharat Electronics (BEL). The brokerage has kept a price target of Rs 3900 a share, up 18 percent on HAL , for Data Patterns it kept a price target of Rs 3545, up 45 percent and Rs It sees target price of Rs 260 a share, up 29 percent from its current market price on Bharat Electronics.
Rheinmetall has been contracted for hundreds of thousands of rockets, artillery and mortars over the past two years and has expanded capability with new and expanded sites completed or in process.
While the Royal Air Force recently received two new Lightning F-35B jets, delays in TR-3 software implementation have raised questions about the delivery of the remaining 13 Lockheed Martin jets.