Breaking:
GE Aerospace announced today that it has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force on the sidelines of PM visit to USA.
GE Aerospace is a subsidiary of General Electric which is one of the customers of MTAR Technologies under the Defence and Aerospace segment. GE Aerospace has operated in India for more than four decades with wide engagement in the industry including engines, avionics, services, engineering, manufacturing, and local sourcing.
MTAR has been supplying Hi-Precision Machined, fabricated systems to HAL too.
Will have to see if this news would have an impact on MTAR’s potential orders.
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