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 Boeing in pact with BEL for new facility

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Join date : 2009-02-04

PostSubject: Boeing in pact with BEL for new facility   Sat Feb 21, 2009 8:21 am

Delhi: State-run firm Bharat Electronic Ltd has signed an agreement
with US aircraft manufacturer Boeing Co to jointly set up a facility to
help modernise India’s defence forces, the company said in a statement.

proposed analysis and experimentation centre will be staffed with local
personnel who will work with India’s Defence Ministry, the statement

India is looking to spend $30-40 billion on imports
over the next five years to modernise its largely Soviet-era arms by
introducing new weapons systems.

It is allowing state-run and private firms to tie up with foreign defence equipment makers to scale up domestic production.
along with Lockheed Martin Corp, France’s Dassault Rafale, Sweden’s
Saab are vying for a contract to supply India with 126 multi-role
fighter jets potentially worth more than $10 billion.

the Boeing India head said that the firm was looking to bid for defence
projects worth up to $31 billion over the next 10 years in India, as
strategic ties between India and US deepen.
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