Boeing signs ten-year deal with HAL
New
Delhi,
20
Dec,
2007
:
Boeing
has
signed
a
10-year
agreement
with
India's
state-run
Hindustan
Aeronautics
Ltd
or
HAL
for
aerospace
manufacturing
in
India
worth
more
than
$1
billion.
Under the agreement, Boeing and HAL will explore business opportunities aimed at transferring work packages to India with an initial value of 10-20 million dollars annually, increasing in size and complexity as business opportunities develop.
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Story first published: Monday, December 24, 2007, 11:18 [IST]