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Boeing Submits Combat Aircraft Industrial-Participation Proposal To Indian Government
New Delhi, India (SPX) Aug 05, 2008 Boeing has submitted a comprehensive Industrial Participation (IP) proposal to the government of India in support of the company's Medium Multi-Role Combat Aircraft (MMRCA) offer to the Indian air force of 126 F/A-18E/F Super Hornets. The proposal was submitted in response to the MMRCA Request for Proposals, which asked all competitors to provide an IP plan as part of their offering. Boeing's proposal firmly supports the Indian government's goal of a vibrant indigenous aerospace industry. It also foresees India playing a key role in enhancing Boeing's global competitiveness and growth through a series of strategic partnerships with Indian industries. "The Boeing Company has been, and will continue to be, a true partner to India," said Chris Chadwick, president of Boeing Military Aircraft. "To that end, our IP proposal draws upon the company's vast pool of human talent, technical expertise and aerospace and defense resources, to both support India's defense modernization drive and to help spur growth of a world-class Indian aerospace industry." To help meet the MMRCA IP requirements, Boeing assembled a formidable industrial lineup that includes the Super Hornet industry supplier team (16 leading aerospace and defense companies with combined revenues of over $454 billion), and Boeing's Indian IP partners (37 public- and private-sector Indian companies). "We are already establishing the groundwork that will lead us to success in this large undertaking through early engagement of Indian industry, both public and private," said Vivek Lall, Boeing Integrated Defense Systems vice president and India country head. The alliances began forming in earnest in November 2006, when Boeing hosted a conference in Bangalore at which 25 of its key suppliers were introduced to more than 25 India-based aerospace and engineering services companies. "Boeing is proud of its record of successfully implementing IP programs in excess of $29 billion in more than 30 countries," said Ian Thomas, president of Boeing India. "These have brought long-term economic and industrial benefits to our customers around the world, and created jobs and growth opportunities for Boeing. And many of the companies that helped Boeing meet those IP obligations have evolved to become enduring partners in the global Boeing supply chain." Earlier this year, Boeing reached an agreement to form a joint venture with Tata Industries Limited, part of the Tata Group, one of India's largest business conglomerates. In December 2007, Boeing signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited, which is adopting Boeing's Lean and best-management practices. Boeing has also signed an MOU with international engineering firm Larsen and Toubro for joint exploration of business opportunities in the Indian defense market. Community Email This Article Comment On This Article Share This Article With Planet Earth
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Analysis: European defense contracts
Brussels (UPI) Aug 4, 2008 Finmeccanica, the Italian defense and aerospace giant, has reported a 68 percent increase in its first half net profits over last year's numbers. This year's H1 profit was $463 million, which easily trumped last year's $276 million. Finmeccanica expects its revenues to grow a further 6 percent to 11 percent by the end of the year. Turkey and South Korea have further expanded their already significant defense trade by signing a battle tank development contract. Following the approval of the deal by the Bulgarian parliament, the last hurdle to a deal between Belgium and Bulgaria for two secondhand frigates and a minesweeper has been cleared. BAE Systems has purchased the Detica business and technology consultancy, which focuses on security and resilience, fraud containment, risk management and regulatory compliance, Defense News reports. |
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