Boeing and Tata Industries Limited of India have agreed on a plan to form a joint-venture company that will initially include more than $500 million of defense-related aerospace component work in India for export to Boeing and its international customers.
Under the memorandum of agreement signed by Boeing and Tata, it is contemplated that the joint-venture company will be established by June 2008, and shortly thereafter will begin work building Boeing aerospace components.
It is the intent of Boeing and Tata not only to utilize existing Tata manufacturing capability, but also to develop new supply sources throughout the Indian manufacturing and engineering communities for both commercial and defense applications.
Manufacturing capabilities established within the joint-venture company would in later phases be leveraged across multiple Boeing programs, including the Medium Multi-Role Combat Aircraft (MMRCA) competition.
