Boeing has partnered with Tata Advanced Systems to create a joint venture (JV) to manufacture aerostructures for aircraft and explore integrated systems development opportunities in India.
Financial details about the joint venture remain undisclosed.
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Under the deal, a manufacturing centre of excellence will be created to produce aerostructures for the AH-64 Apache helicopter and to compete for additional manufacturing work packages across Boeing’s commercial and defence platforms.
Both companies expect to develop and sell integrated systems through the joint venture.
Boeing Defence, Space and Security CEO Chris Chadwick said: "This partnership will capitalise 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."
Tata Motor’s subsidiary TAL Manufacturing Solutions manufactures complex floor beams out of composite materials for the Boeing 787-9, which is a modern and fuel-efficient aircraft.
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By GlobalDataIt also provided ground support equipment for Boeing C-17 Globemaster III strategic airlifter.
Tata Advanced Systems chairman S Ramadorai said: "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."
Boeing India president Pratyush Kumar said: "Over the last 12 months, we have doubled our sourcing from India and are committed to continue that journey.
"Our commitment was demonstrated by Boeing chairman Jim McNerney’s presence at the recently concluded aerospace Innovation Summit in New Delhi."
Boeing recently announced it plans to establish its Middle East headquarters in Dubai South, previously known as Dubai World Central. Operations at the new centre are scheduled to start in 2017.
Image: Tata Advanced Systems chairman S Ramadorai (third from left) and Boeing Defense, Space & Security Global Sales and Marketing senior vice-president Tom Bell (second from right) sign the agreement to create a JV. Boeing International president Marc Allen (second from left), Boeing India president Pratyush Kumar (left) and Tata Advanced Systems CEO Sukaran Singh (right) attended the signing ceremony. Photo: courtesy of Boeing.
