Indian Economy News

Boeing, Tata group form aerospace JV

Mumbai: Boeing and Tata Advanced Systems (TASL) today announced a joint venture that will manufacture aerostructures for aircraft and collaborate on integrated systems development opportunities in India.

The joint venture will initially create a manufacturing center of excellence to produce aerostructures for the AH-64 Apache helicopter and to compete for additional manufacturing work packages across Boeing platforms, both commercial and defense.

Boeing and Tata Advanced Systems intend to grow the JV partnership in the future, with a focus on opportunities to collaborate on development and selling of integrated systems.

“This partnership will capitalize on India’s industrial capability, innovation and talent to contribute to Boeing’s long-term competitiveness and position us for future growth in the global marketplace,” said Chris Chadwick, president and CEO of Boeing Defense, Space & Security.

“It is a demonstration of our commitment to further accelerate our partnership with one of the world’s fastest growing economies.”

“This agreement to establish a JV will propel the growth of the Indian aerospace sector,” said S. Ramadorai, chairman, Tata Advanced Systems.

Boeing and Tata group companies have already established partnerships in India to manufacture aerostructures for Boeing’s commercial and military aircraft.

Tata Advanced Materials has delivered composite panels for the power and mission equipment cabinets and auxiliary power unit door fairings for the P-8I long-range maritime surveillance and anti-submarine warfare aircraft.

TAL Manufacturing Solutions is manufacturing complex floor beams out of composite materials for the Boeing 787-9. TAL Manufacturing Solutions has provided ground support equipment for the C-17 Globemaster III strategic airlifter.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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