L&T TO JOIN HANDS WITH BOEING IN INDIA

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LARSEN & Toubro (L&T), India’s largest engineering company, is joining hands with the world’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 world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft.

“As a major supplier of critical systems to India’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,” said L&T senior executive vice-president MV Kotwal.

Boeing Integrated Defence Systems vice-president Mark Sullivan said: “Our 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.” He also said that Boeing would want to “match the best of India with the best of Boeing, to the equal long-term benefit of both”.

Boeing Integrated Defence Systems, a unit of Boeing, is one of the world’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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