Cyclone, a subsidiary of Israel-based Elbit Systems, and Mahindra Aerostructures have teamed up to collaborate on the production of aerostructure parts and assemblies. The two companies had inked an agreement earlier, and now propose to team up on new work opportunities, even as Cyclone intends to source content for existing work packages from Mahindra. Mahindra Aerostructures is part of the business delegation visiting Israel along with Prime Minister Narendra Modi. Elbit Systems-Cyclone is a wholly-owned subsidiary of Elbit Systems, an Israel-based defence electronics company. It has awarded the first work package to its Indian partner, and Mahindra is to commence trials of the first few parts for Cyclone at its aerostructures manufacturing facility near Bengaluru. The Mahindra’s Bengaluru facility produces parts for its global customers and also exports primary structural assemblies for the Mahindra Airvan 8 aircraft. Mr SP Shukla, Chairman, Mahindra Aerospace, observed that India and Israel have long shared a rich history of tradition and culture. “Mahindra is proud to be part of the government’s drive to seek larger cooperation with Israeli companies,” he said in a statement. Mr Yoram Shmuely, Executive Vice-President of the Aerospace Division of Elbit Systems, added that Elbit and Mahindra are well placed to participate in strategic ties between Israel and India.
Source: http://www.thehindubusinessline.com/
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