JOIN USBoeing has announced a joint venture (JV) with and Tata Advanced Systems (TASL) to manufacture aerostructures for aircraft and collaborate on integrated systems development opportunities in India.
The JV will initially create a manufacturing centre of excellence to produce aero-structures for the AH-64 Apache helicopter and to compete for additional manufacturing work packages across Boeing platforms, both commercial and defence.
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, the companies 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,” Boeing defence, space and security president and Chief Executive Officer Chris Chadwick said.
It is a demonstration of our commitment to further accelerate our partnership with one of the world’s fastest growing economies, Chadwick added.
“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 manufacturing capability, skilled talent and competitive cost structures,” TASL chairman S Ramadorai said.