Business Standard
Saturday, May 26, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

BAE, Rolls-Royce ink India Hawk jet deal
BS Reporter / Bangalore Jul 29, 2010, 01:26 IST

The total size of the deal comes to over £700 million

BAE Systems, the UK-based defence security and aerospace company, and Rolls-Royce Group, the power systems company, today received separate contracts worth £700 million to supply 57 Hawk advanced jet trainer (AJT) aircraft and their engines to India.

BAE would receive £500 million (around $780 million) for supplying the 57 jets, while Rolls-Royce would get up to £200 million ($312 million) for supplying the Mk871 variant of its Adour engines, the two companies said.

Of the 57 jets, 17 would be operated by the Indian Navy and the rest by the Indian Air Force. The contract was signed with Hindustan Aeronautics (HAL) at the state-run defence unit’s headquarters in Bangalore, in the presence of British Prime Minister David Cameron. The final terms and conditions of the contract were signed by Guy Griffiths, group managing director, international, BAE Systems.

The aircraft will be manufactured under licence at HAL’s facilities in Bangalore and BAE Systems will provide specialist engineering services, raw materials and equipment necessary for airframe production and the support package for the Indian Air Force and Indian Navy.

The BAE Systems Hawk will be powered by Rolls-Royce’s Mk871 variant of the Adour, which will be assembled in Bangalore, in partnership with HAL.

“BAE Systems will be able to build on its long-standing relationship with HAL to deliver a further batch of this aircraft to improve the IAF’s fast jet training capacity and establish a similar fast jet training solution for the Navy,” said Andrew Gallagher, managing director and chief executive officer of BAE Systems India.

“The Hawk AJT fast jet training solution enables the Air Force or Navy to provide pilots for modern fighter aircraft like the Eurofighter Typhoon or Sukhoi SU-30,” Griffiths said. “This new order continues and strengthens the long standing relationship between BAE Systems and HAL.”

In February 2003, India had awarded a $1.7-billion contract to BAE Systems to supply trainer fighter jets. Prior to today’s announcement, BAE Systems was already working with HAL and Rolls-Royce to supply 66 Hawk aircraft to the Indian Air Force. This additional order will extend the partnership for another six years.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Astronomers seize last chance in lifetime for Venus Transit
- FIIs bet heavily in Indian market, but in Singapore
- Reddy rules out rollback of rise in petrol prices
- IPL on turning track, broadcast revenue down by a third
- Ajit Singh meets striking pilots
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us