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Boeing-HAL ink $4.5-m deal for reconnaissance aircraft idrw.org
US aerospace major The Boeing Company on Thursday inked a $4.5-million deal with state-owned Hindustan Aeronautics Limited (HAL) for weapons bay doors for the eight maritime reconnaissance and anti-submarine aircraft the Indian Air Force (IAF) is purchasing from the US aerospace major.
Announcing this in New Delhi, country head Of Boeing Defence (space and security) Vivek Lall said the first delivery of the aircraft to India will be made by 2010-end. Under the current rules, foreign companies that receive import orders worth over $64.6 million must draw at least 30% of that order from domestic suppliers or make a similar sized investment within India.
The deal for the eight P8-I aircraft is worth $1.1 billion, of which Boeing has to reinvest $640 million in India as part of its offset obligations. Although HAL provides other equipment for the P8-I via its avionics division in Hyderabad, this is the first P8-I offset package that Boeing has directly executed with Indias largest aerospace company, Lall added.
HALs consistent performance in quality, cost and delivery in manufacturing aero structures and composite assemblies is the key to secure further orders from the Boeing Company, with which we share a strong relationship, said Soundara Rajan, HALs director for corporate planning and marketing.
The P8-I is a variant of the P-8A Poseidon that Boeing is developing for the US Navy. India is the first international customer for the P8. The company will deliver the first P8-I to India within 48 months of the original contract signing, which took place in January, 2009.
According to company officials, The P8-I is a true multi-mission maritime patrol aircraft that features greater flexibility and a broader range of capabilities then MPAs currently in service. HAL has already begun supplying fuselage parts for the formidable Boeing F/A-18E/F Super Hornet combat jet in what is seen as global recognition for the Indian aeronautical industry. The F-18 is one of the six aircraft contending for an IAF $10 billion order for 126 MMRCA jets.
HAL has already sent five sets of the F-18s gun bay doors to Boeing and 13 more are under manufacture as part of an initial contract, also uplock boxes for the 777 commercial airplane.
US aerospace major The Boeing Company on Thursday inked a $4.5-million deal with state-owned Hindustan Aeronautics Limited (HAL) for weapons bay doors for the eight maritime reconnaissance and anti-submarine aircraft the Indian Air Force (IAF) is purchasing from the US aerospace major.
Announcing this in New Delhi, country head Of Boeing Defence (space and security) Vivek Lall said the first delivery of the aircraft to India will be made by 2010-end. Under the current rules, foreign companies that receive import orders worth over $64.6 million must draw at least 30% of that order from domestic suppliers or make a similar sized investment within India.
The deal for the eight P8-I aircraft is worth $1.1 billion, of which Boeing has to reinvest $640 million in India as part of its offset obligations. Although HAL provides other equipment for the P8-I via its avionics division in Hyderabad, this is the first P8-I offset package that Boeing has directly executed with Indias largest aerospace company, Lall added.
HALs consistent performance in quality, cost and delivery in manufacturing aero structures and composite assemblies is the key to secure further orders from the Boeing Company, with which we share a strong relationship, said Soundara Rajan, HALs director for corporate planning and marketing.
The P8-I is a variant of the P-8A Poseidon that Boeing is developing for the US Navy. India is the first international customer for the P8. The company will deliver the first P8-I to India within 48 months of the original contract signing, which took place in January, 2009.
According to company officials, The P8-I is a true multi-mission maritime patrol aircraft that features greater flexibility and a broader range of capabilities then MPAs currently in service. HAL has already begun supplying fuselage parts for the formidable Boeing F/A-18E/F Super Hornet combat jet in what is seen as global recognition for the Indian aeronautical industry. The F-18 is one of the six aircraft contending for an IAF $10 billion order for 126 MMRCA jets.
HAL has already sent five sets of the F-18s gun bay doors to Boeing and 13 more are under manufacture as part of an initial contract, also uplock boxes for the 777 commercial airplane.
