LARSEN & Toubro (L&T), Indiaâ€™s largest engineering company, is
joining hands with the worldâ€™s largest aircraft maker Boeing to explore
business opportunities in the Indian defence sector.
Mumbai-based L&T is one of the largest suppliers to strategic sectors such as defence and aerospace. The company signed an agreement with Boeing, the worldâ€™s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft.
â€œAs a major supplier of critical systems to Indiaâ€™s defence sector for more than four decades, we have worked closely with the defence establishment in developing a range of advanced systems. This new agreement will add depth to our capabilities in the aerospace and defence sectors,â€ said L&T senior executive vice-president MV Kotwal.
Boeing Integrated Defence Systems vice-president Mark Sullivan said: â€œOur goal is to identify and build strong partnerships with a number of key Indian companies... this agreement with L&T (which) we see as a positive example of much more to come.â€ He also said that Boeing would want to â€œmatch the best of India with the best of Boeing, to the equal long-term benefit of bothâ€.
Boeing Integrated Defence Systems, a unit of Boeing, is one of the worldâ€™s largest space and defence businesses. Based in St Louis, Boeing Integrated Defence Systems is a $32.4-billion business and provides network-centric system solutions to its global military, government and commercial customers.
Recently, there were media reports that Boeing may sell as many as eight modified versions of the P-8A Multi-mission Maritime Aircraft to India over a period of four years.
Also, state-owned Hindustan Aeronautics said it plans to float a joint venture company with L&T to make aircraft components. Both the companies plan to have a joint development of composites, parts, and components for aircraft.
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