• search

HAL inks MOU with EADS

Written by: Staff
|

Bangalore, Sep 1 (UNI) Enlarging on the existing cooperation, defence aviation major Hindustan Aeronautics Limited (HAL) today signed a Memorandum of Understanding (MoU) with EADS to target new market segments mutually cashing on each other's expertise.

HAL Chairman Ashok K baweja and EADS CEO Dr Tom Enders signed the MoU here today.

HAL, later in a release, said the two companies would carry out a joint analysis of mid-term and long-term strategies on the key segments of aerospace business in the coming months to determine how both groups could team up and benefit from each other's expertise to develop their activities.

''HAL and EADS are already long-term partners, working together to manufacture helicopters and passenger jets,'' said Dr Enders.

''We appreciate the excellent level of skills in design and manufacturing, which make HAL a valuable partner for global cooperation in aerospace and defence. During my visit to HAL facilities in Bangalore, I was impressed by the quality of the production and technological capabilities,'' he added.

Acknowledging the rapid growth of HAL to emerge as a major player in aerospace sector Bangalore Complex Managing Director A K Saxena said that it could benefit from teaming with a global player like EADS to accelerate its development and gain access to export market through joint marketing agreements.

This memorandum would define the products for which HAL and EADS would join their efforts he added.

MORE UNI VK VD KN1455

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more