Boeing and Tata Announce Aerospace Joint Venture in India
Boeing [NYSE: BA] and Tata Advanced Systems today announced a joint venture (JV) that will manufacture aerostructures for aircraft and collaborate on integrated systems development opportunities in India.
The JV 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.
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“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 by leveraging the world-class competencies of TASL and its supplier eco-system, as well as provide access to India’s world-class manufacturing capability, skilled talent and competitive cost structures,” said S. Ramadorai, chairman, Tata Advanced Systems.
“Over the last 12 months, we have doubled our sourcing from India and are committed to continue that journey,” said Pratyush Kumar, president, Boeing India. “Our commitment was demonstrated by Boeing Chairman Jim McNerney’s presence at the recently concluded aerospace Innovation Summit in New Delhi and this JV is a clear example of Boeing’s long-term commitment to Make in India.”
“TASL is one of the select few in the private sector in India undertaking manufacturing and assembly of both aircraft and helicopters. The resulting scale and expertise at which the company now operates makes it well-positioned for large-scale systems integration work in India’s aerospace and defense sector,” said Sukaran Singh, MD & CEO, Tata Advanced Systems.
Boeing and Tata group companies have 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, the most modern aircraft with exceptional environmental and fuel-efficient capabilities. TAL Manufacturing Solutions has provided ground support equipment for the C-17 Globemaster III strategic airlifter.
Source : The Boeing Company (NYSE: BA) - view original press release
Mar 7 - 8, 2017 - Prague, Czech Republic