Boeing signs MoU with HAL

New Delhi: Aviation giant Boeing on Thursday signed a Memorandum of Understanding with the Hindustan Aeronautics Limited that will bring aerospace manufacturing work worth a billion dollars to the Indian company.
Under the agreement, the HAL will also be able to share Boeing's manufacturing tools. The agreement, signed by HAL chairman Ashok Baweja and CEO of Boeing Integrated Defense Systems Jim Albaugh, will enable the two aerospace companies to expand their base in the world market.
Boeing will now look to transfer work to India and support HAL in setting up manufacturing facilities and handle hardware. As per the agreement, the Boeing will target to bring work worth USD10 to USD20 million annually. The officials said that Boeing will seek to transfer its Lean principles and Supplier and Programme Management under the US government rules.
HAL is India's flagship aeronautical company which has 18 units where the Indian Force planes are assembled, overhauled and maintained. It is also developing advanced fighters, trainers, helicopters and other avionics. The Boeing will soon start setting up the facilities at HAL for using it as an outsourcing hub.
21/12/07 Newindpress

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Categories: Foreign Dec 2007, General Aviation Dec 2007, New Dec 2007