Diabytes
TATA Advanced Systems News
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Airbus is going to deliver 16 aircraft in ‘fly-away’ condition.
Tata Advanced Systems will make 50 more aircraft in India.
The deal will give a boost to Make in India.
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IAF has issued an RFI (Request for Information) or initial tender to acquire 114 jets. The top contenders for the deal include Lockheed's F-21, Boeing's F/A-18, Dassault Aviation's Rafale, the Eurofighter Typhoon, Russian aircraft Mig 35 and Saab's Gripen.
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Lockheed Martin during the Aero India show in Bengaluru in February unveiled the F-21 multi-role fighter jet for India, to be produced locally.
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The US Defence major, which had earlier offered its F-16 fighter to India, said the F-21 addresses the IAF's unique requirements and integrates India into the world's largest fighter aircraft ecosystem.
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India began its search for new planes for the Indian air force in 2003 to replace its Soviet-era MiG fighters
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Lockheed Martin signed an agreement with India`s Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military.
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Diversified Tata Group today said it expects to close fiscal 2016 with a 7.5 percent growth in revenue from the defence and aerospace sector at Rs 2,650 crore and with the government focusing on localising the sourcing, it affirmed the commitment to invest in the space
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Global aircraft maker Boeing and Tata Advanced Systems today signed a pact to collaborate in aerospace and defence manufacturing as well as to tap into integrated systems development opportunities, including unmanned aerial vehicles.
Tata Advanced Systems, Tata Sons' subsidiary which is into aerospace and defence equipment business, is likely to garner a revenue of Rs 2,500 crore this fiscal, Mukund Rajan, Brand Custodian and Executive Council Member at the Group said on Wednesday.
Singh, who will head Tata Advanced Systems Ltd (TASL), joined the Tata group in 2003, and was a Director of TASL.
Airbus would supply the first 16 planes in "fly away" condition from its own assembly line, while the subsequent 40 would be manufactured and assembled by Tata Advanced Systems in India.
The TASL chairman claimed that in a short span of five years TASL has become a significant player in global aerospace market.
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