IT firms home in on aerospace

New Delhi: Analysts said domestic IT firms catering to the aerospace segment have come a long way from providing back-offices services and procurement systems to providing high-end engineering services to major global players in the civil aviation sector.
Besides, they have also ventured into engineering solutions in the defence sector. The analysts added that the growth in the aerospace sector would be led by high-end players who can afford huge investments required for specialised engineering.
For Tata Consultancy Services (TCS), India's leading IT company, aerospace accounts for 13 per cent of its EIS (Engineering and Industrial Services) revenues. The growth rate in this sector has been 40-45 per cent.
The company's clients includes Airbus, Dassault, United Technologies, Safran and Bombardier, besides HAL, Isro, IAF and DRDO on the home front.
HCL Technologies, another big player, has global giants such as Airbus, Boeing and Smiths Aerospace among its 30-plus client list.
Satyam and Infosys are also investing in this area. Satyam Computer Services recently signed a $30-billion deal with Northrop Grumman Corp to jointly provide high-end engineering services to the global aerospace and defence industry.
18/06/07 Ishita Russell/Business Standard

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Categories: General Aviation Jun 2007, New Jun 2007