"The tie up with Alten will be of strategic advantage to both the companies in offering one-stop solution in aerospace engineering design and avionics. This will enable us to enhance our domain expertise in the aerospace industry and provide EADS a unique solution," IEL chairman and managing director, BV Mohan Reddy, stated in a press release.
According to Alten Group chairman and chief executive officer Simon Azoulay, the combined talents of both the companies would provide EADS a cost-effective global delivery solution.
The tie-up enables high degree of scalability and quick response time to enable EADS to significantly improve time to market and decrease cost.
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