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Boeing IDS signs deals with Indian defence PSUs
fullstory
New Delhi, Oct 27 (PTI) US defence major Boeing Integrated Defence Systems has signed agreements with Indian defence public sector companies for supplying equipment to it for being fitted on Indian P-8I maritime surveillance aircraft.
"We have signed agreements with Indian companies such as Bharat Electronics Limited (BEL), Electronic Corporation of India Limited (ECIL) and Hindustan Aeronautics Limited (HAL) for supplying equipment to us for the Indian P-8Is to be built in the US," Boeing India head Vivek Lall said here.
"They will be supplying indigenous equipment and spares such as transponders and other electronic equipment for the aircraft," he added.
The agreements have been done as part of the offsets commitments in the deal. As per the Defence Procurement Procedure, for any deal worth over Rs 300 crore, the selected vendor has to reinvest a minimum of 30 per cent of the deal's worth in Indian defence industry.
fullstory
New Delhi, Oct 27 (PTI) US defence major Boeing Integrated Defence Systems has signed agreements with Indian defence public sector companies for supplying equipment to it for being fitted on Indian P-8I maritime surveillance aircraft.
"We have signed agreements with Indian companies such as Bharat Electronics Limited (BEL), Electronic Corporation of India Limited (ECIL) and Hindustan Aeronautics Limited (HAL) for supplying equipment to us for the Indian P-8Is to be built in the US," Boeing India head Vivek Lall said here.
"They will be supplying indigenous equipment and spares such as transponders and other electronic equipment for the aircraft," he added.
The agreements have been done as part of the offsets commitments in the deal. As per the Defence Procurement Procedure, for any deal worth over Rs 300 crore, the selected vendor has to reinvest a minimum of 30 per cent of the deal's worth in Indian defence industry.
