BEL, Mitsubishi Electric, MEMCO Associates Sign MoU: TOKYO, December 25, 2024 – Mitsubishi Electric Corporation announced today that it has signed a memorandum of understanding (MOU) with Bharat Electronics Limited (BEL) and MEMCO Associates to explore joint business opportunities in the defense and space sectors. This collaboration aims to identify avenues for manufacturing and supplying customized components for critical defense and space applications.