Boeing and Tata Announce AH-64 Apache Helicopter Joint Venture in India
The Boeing Company has recently come together with Tata Advanced Systems, the aerospace and defense division of the TATA Group, in order to create a joint venture which will allow for the manufacture of aircraft structures. This in turn will create more avenues for integrated systems development opportunities in India. The financial details regarding this joint venture have not yet been disclosed, though both companies intend on developing and selling integrated systems via the joint venture.
“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, the CEO of Boeing Defense, Space and Security.
Under this joint venture, a manufacturing site will be created in order to produce aerostructures for the AH-64 Apache helicopter. This manufacturing center will also be used to compete for additional manufacturing contracts amongst Boeing’s defense and commercial platforms.
“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 of Tata Advanced Systems.
“Over the last 12 months, we have doubled our sourcing from India and are committed to continuing that journey,”
said Pratyush Kumar, president of Boeing India.
“Our commitment was demonstrated by Boeing chairman Jim McNerney's presence at the recently concluded aerospace Innovation Summit in New Delhi."
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