Sunday, September 03, 2006

HAL, EADS signs MoU

Aviation major Hindustan Aeronautics Limited (HAL) and EADS signed a Memorandum of Understanding (MoU) to further develop long-term cooperation and define joint strategies on different market segments. The MoU was signed on Friday, September 1, 2006, by HAL Chairman Mr Ashok K. Baweja and EADS CEO Tom Enders.
With this MoU, the two groups will expand their cooperation into new market segments. A joint analysis of mid-term and long-term strategies on the key segments of aerospace business will be conducted in the coming months to determine how both groups could team up and benefit from each other’s expertise to develop their activities.
Eurocopter, the helicopter manufacturer owned by EADS, has been cooperating with HAL for over four decades. The most recent fruit of this long-term relationship is Eurocopter’s decision to subcontract airframe production for all Ecureuil type versions to HAL.
02/09/06 Technology News Daily, US
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