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The Boeing Company today signed a Memorandum of Understanding with Larsen & Toubro Limited, India’s largest engineering and construction company, for the joint exploration of business opportunities in India’s defense sector. The signing ceremony took place at the Aero India Aerospace Show in Bangalore.
The Boeing Company today signed a Memorandum of Understanding (MoU) with Larsen & Toubro Limited (L&T), India’s largest engineering and construction company, for the joint exploration of business opportunities in India’s defense sector. The signing ceremony took place at the Aero India Aerospace Show in Bangalore.
“The MoU with Boeing adds a new, international dimension to our engagements in the strategic sectors of defense and aerospace,” said M. V. Kotwal, Senior Executive Vice President of L&T, in charge of the Company’s Heavy Engineering Division. “As a major supplier of critical systems to India’s defense sector for more than four decades, we have worked closely with the defense establishment in developing and putting into production a range of advanced systems. This new agreement will add depth to our capabilities in the aerospace and defense sectors.” “Our goal is to identify and build strong partnerships with a number of key Indian companies. We are very pleased to announce this agreement with L&T, which we see as a positive example of much more to come,” said Mark Sullivan, Vice President of International Business Development, Boeing Integrated Defense Systems. “We want to match the best of India with the best of Boeing, to the equal long-term benefit of both.” While offering defense products to India, Boeing’s business strategy aims to transform product sales into a springboard for private and public industrial partnerships.
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