Sun, Feb 17, 2008
Sikorsky Aircraft has
signed a Memorandum of Understanding outlining their teaming up
with Tata Advanced Systems to manufacture S-92 helicopter cabins in
India. Tata Advanced Systems is a wholly owned subsidiary of Tata
Industries focused on providing integrated solutions for defense
and aerospace. It is part of the Tata Group, one of India's oldest
and largest conglomerates with businesses spread over seven sectors
and comprised of 98 companies operating on six continents.
"India represents an expansive rotorcraft market with enormous
potential and opportunity," said Sikorsky President Jeffrey P.
Pino. "While we are only in the most preliminary of stages, I am
most excited at the possibility of working with the well known and
admired Tata Group, and tapping into India's skilled aerospace
industry and capability."
"We believe that this manufacturing facility for the S-92
helicopter cabin will offer productivity gains to Sikorsky while
bringing new manufacturing technology to India. It is an important
part of our larger strategy for this sector," according to a Tata
Tata Group is currently displaying an S-92 cabin in the Tata
Pavilion at the Defexpo 2008 show in New Delphi. The Tata Group is
one of India's largest and most respected business conglomerates,
with revenues in 2006-07 of $28.8 billion, the equivalent of about
3.2 percent of the country's GDP, and a market capitalization of
$72.8 billion as of January 10, 2008. Tata companies together
employ more than 300,000 people.
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