Archive For The “Business” Category

Mahindra and Boeing team up to make F/A-18 fighters in India

India’s Mahindra Defense Systems, or MDS, a subsidiary of automaker Mahindra & Mahindra, has signed a deal with U.S. aircraft maker Boeing to build F/A-18 Super Hornet fighter jets in India. Hindustan Aeronautics will also participate.This is Mahindra’s first foray into offensive weaponry. Up to now it has made noncombat defense equipment, such as armored […]

Read more »

ISRO urges industry to take up rocket launch

Dr S Pandian, Director, ISRO Propulsion Complex, Mahendragiri, hinted that the Indian Space Research Organisation is looking for some kind of industry consortium to take up rocket launch and move to greater heights.Urging industry participants to leverage their strength and partner with ISRO in this mission, he said: “the ISRO is targeting to launch 12-18 […]

Read more »

L&T to set up Rs 500-cr facility to make Rocket Motors for ISRO and Space Air Frames for Brahmos

Larsen and Toubro (L&T) is all set to expand its defence component manufacturing facility in the district and set up an exclusive factory on its Malumichampatti campus at a cost of Rs 500 crore to manufacture rocket motors for the Indian Space Research Organisation (ISRO). Mr J D Patil, director, defence, L&T, said the factory […]

Read more »

GMR Group to set up aerospace, defence manufacturing hub at Hosur

GMR Group, India’s leading infrastructure company, will set up an ‘Aerospace and Defence Manufacturing Hub’ at its Special Investment Region at Hosur in Krishnagiri district of Tamil Nadu, to encourage indigenous production of defence equipment in the country. India stands amongst the top five defence spenders in the world. However, due to an underdeveloped defence […]

Read more »

Mahindra Defence inks pacts with Japanese, Israeli firms for UAVs and seaplanes

The Mahindra Group announced two partnerships for its foray into new areas in the Defence business – one with Israeli company Aeronautics for naval shipborne UAVs (unmanned aerial vehicles) and the other with Japan-based ShinMaywa Industries Ltd for naval seaplanes. Aeronautics and Mahindra plans to supply UAV system that can be launched and recovered from […]

Read more »

Tata Sons to merge aerospace and defence business under one entity

Tata Sons said it is in the process of consolidating its various businesses across aerospace and defence sectors under a single entity Tata Aerospace & Defence (Tata A&D). The necessary statutory and regulatory approvals are in the process of being obtained in this regard, the company said in a release. Tata A&D proposes to bring together over 6,000 employees, and have production facilities […]

Read more »

Honeywell eyes more tie-ups with India in aerospace systems

US software-industrial conglomerate Honeywell is working on finalising a couple of collaborations with Indian companies for the local production of defence technologies. The company, which has been working with defence PSU Hindustan Aeronautics Ltd (HAL) for more than four decades, is looking at new partnerships on the lines of its tie-up with Tata Power’s Strategic […]

Read more »

State-Run HAL Wants to Compete for $15 Billion Air Force Order

Hindustan Aeronautics Ltd. is boosting production capacity to manufacture locally-developed light combat aircraft, even as it strikes a strategic tie-up with American major Boeing Co. to bid to make F/A-18 fighter jets in India. Although the public sector aircraft maker has fallen behind on deliveries of the first group of 40 ‘Tejas’ planes ordered in […]

Read more »

IAF commits to 324 Tejas fighters, provided a good Mark-II jet is delivered

After years of being critical of the Tejas fighter, which is still not combat-ready 35 years after the light combat aircraft project was first approved by the government, the IAF has now agreed to induct 324 of the indigenous jets in the long-term to make up for its fast-depleting number of fighter squadrons. IAF has “firmly committed” to 123 […]

Read more »

Godrej Aerospace bags ¹ 200-cr. Order

Godrej Aerospace, a unit of Godrej & Boyce Mfg. Co. Ltd., has expanded its partnership with Rolls-Royce with the latter awarding contracts worth ¹ 200 crore for manufacturing aero engine components. The contract is for manufacturing products like unison rings, complex fabrication and external brackets commodities, which once in manufacturing, will result in shipment of […]

Read more »