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Tata Advanced Systems and Sikorsky to Manufacture Aerospace Components Print E-mail
Written by Ganesh   
Friday, 13 November 2009
Mumbai: Tata Advanced Systems Limited (TASL) and Sikorsky Aircraft Corp have entered into a joint venture agreement to manufacture aerospace components for Sikorsky in India, including components for S-92® helicopter cabins.The joint venture agreement was signed and announced at a ceremony attended by UTC Chief Executive Officer Louis Chenevert and Tata Sons Chairman Ratan N. Tata and other senior executives from the companies.

A second greenfield facility will be constructed in Hyderabad, next to the cabin assembly building. Construction for the joint venture company's facility is targeted for completion by 2011, with production beginning in late 2012. The cabin assembly contract signed in June 2009 has led to ongoing construction in Hyderabad, where TASL will assemble S-92 helicopter cabins starting in 2010. The new joint venture agreement builds upon a long-term contract signed in June 2009.

"We are happy to extend our relationship with Sikorsky to fabrication of detailed parts for the aerospace sector. This is part of our strategy to participate meaningfully in this space, and to enhance India's capacities in this sector," said Gen. Davinder Kumar, CEO of Tata Advanced Systems.

The new joint venture will be positioned to manufacture components for other aerospace Original Equipment Manufacturers (OEMs) as well as detailed parts for the Sikorsky S-92® helicopter cabin.

"Sikorsky's affiliation with Tata both strengthens our supply chain and extends our globalization effort to establish significant operations in regions where the need for rotorcraft and support is great. India is certainly a key aerospace region, and we are thrilled to team with Tata and help serve and grow the business there," said Mick Maurer, Senior Vice President of Operations for Sikorsky.

Both the joint venture agreement and the cabin assembly contract stem from a Memorandum of Understanding signed in February 2007 by the companies to explore the creation of aerospace operations in India. The formation of the joint venture is subject to the satisfaction of a number of regulatory and business conditions.

Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX), and TASL is a wholly owned subsidiary of Tata Sons. In 2008, UTC reported revenues of $58.7 billion, and Tata Group had 2007-2008 revenues of $62.5 billion.

Chairman Tata and CEO Chenevert both noted their two companies share much in common and that continuing to build their relationship will benefit both greatly.
Last Updated ( Friday, 13 November 2009 )
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