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Boeing, Bharat Electronics Sign Agreement for Joint Defense Modernization Facility

2009-02-23 Indian state-run firm Bharat Electronic Ltd has signed an agreement with U.S. aircraft manufacturer Boeing Co to jointly set up a facility to help modernise India's defence forces, the company said in a statement on Saturday.

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

Boeing 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.

Earlier, the Boeing India head said 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 United States deepen.

Reports

Authoritative, credible and fact-based reports on defense and aerospace affairs

Daily Alerts

Latest defense and aerospace alerts from India and other major regions delivered daily to your inbox

Focus

In-depth coverage with filtering of relevant and focused subject reports

Business Networking

Connect and expand your reach with aerospace and defense industry specific business networking

Database

Search database containing thousands of reports using proprietary relevance search

Opportunities

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