Boeing Deal Could Send India $1Billion In Work




 
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December 21st, 2007  
Team Infidel
 
 

Topic: Boeing Deal Could Send India $1Billion In Work


Seattle Times
December 21, 2007
Boeing has tentatively agreed to send as much as $1 billion in aerospace manufacturing work to state-owned Hindustan Aeronautics in India over the next 10 years.
Under the deal announced Thursday, Boeing will help the Indian company in developing manufacturing processes and capabilities needed for the production of military hardware for Boeing and its subcontractors.
Boeing hopes the agreement will also help meet its obligations under existing or future jet-purchase deals with the Indian government, which requires aircraft makers to reinvest in the country a portion of any order they win from state-run companies or agencies.
In 2005, Boeing won an order for 68 airplanes worth $11.4 billion from state-run Air India, and the company is vying for a large fighter-jet contract from the Indian Air Force, which plans to buy 126 new airplanes.
 


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