Mahindra Current Affairs - 2019
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Boeing India subsidiary of US aerospace manufacturer Boeing, Hindustan Aeronautics Ltd (HAL) and Mahindra Defence Systems entered into agreement to manufacture fighter aircraft F/A-18 Super Hornet in India. Three companies exchanged Memorandum of Agreement (MoA) for Make in India fighter at on-going ‘DefExpo’ in Chennai, Tamil Nadu.
The partnership will come into effect after Ministry of Defence selects Super Hornet in any one of two ongoing fighter procurements deal viz. procurement of 57 multi-role carrier borne fighters (MRCBF) for Indian Navy or 110 multi-role fighters for Indian Air Force (IAF). If they win contract in above one of the deal, a JV company will be floated over next few months for design and production of aircraft. The partnership will bring Boeing, HAL and Mahindra Defence System global scale and supply chain, best-in-industry precision manufacturing processes as well as unrivaled experience in designing and optimising aerospace production. Super Hornet is US Navy’s main carrier borne fighter.
The partnership comes in backdrop of stiff competition between global aerospace companies looking to secure $15 billion (Rs. 97,950 crore) deal to sell 110 fighter jets to India. The fighter jets, predominantly made in India, will be sold to IAF under government’s ‘strategic partnership’ policy, designed to encourage foreign companies transfer technology and manufacturing know-how to domestic defence equipment manufacturers. According to MoD’s proposal for fighter jets, at least 85% or 94 aircraft have to be made in India.
Mahindra Aerostructures, a subsidiary of Mahindra & Mahindra have bagged a Tier 1 supplier contract to supply airframe parts for Airbus’s AS565 MBe Panther helicopter.
With this, Mahindra Aerostructures becomes the first Indian company to receive a direct manufacturing contract from Airbus (European aviation major) as a Tier 1 supplier.
- The helicopter parts will be produced at Mahindra’s facility in Bengaluru, Karnataka.
- They will be shipped directly to the Airbus Helicopter production line in Marignane, France.
- In this facility these parts will be integrated with the rest of the airframe assembly and will form a critical part of the Panther helicopters sold worldwide.
- Airbus Helicopters and Mahindra Defence are in the process of forming a joint venture (JV) to target India’s military helicopter programmes under the Make In India initiative.
- The JV will be formed for producing Naval Utility Helicopter, the Naval Multi-Role Helicopter and the Reconnaissance and Surveillance Helicopter for Indian Navy.
- It will play pivotal role in making blueprint that will piut India on the world map for military helicopter manufacturing.