BackBoeing, Tata unit sign components deal for 787
Boeing, Tata unit sign components deal for 787
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Mumbai: Boeing Co has signed an agreement with TAL Manufacturing Solutions Ltd, a wholly owned subsidiary of Tata Motors Ltd, for making structural components for the 787 Dreamliner, the companies said.
TAL will build floor beams for the 787 using advanced titanium and composite materials, resulting in a “significant weight saving", they said in a joint statement on Wednesday.
Financial terms of the agreement were not disclosed. The floor beams will be made at TAL’s new facility in Nagpur and shipped to Japan, Italy and the United States for further assembly.
“We believe this agreement has the potential to develop into a more broad-based alliance that would enable both organisations to utilise the most competitive resources," Ravi Kant, chairman of TAL and managing director of Tata Motors, was cited as saying.
Boeing Commercial Airplanes estimates India will need aircraft worth about $86 billion over the next 20 years.
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