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HAL eyes tie-ups with global majors
Hindustan Aeronautics Ltd is embarking on new partnerships with global aviation majors for military and civil projects with an eye on trebling the turnover to $3 billion by 2011, according to its Chairman, Mr Ashok K. Baweja.
Hindustan Aeronautics Ltd is embarking on new partnerships with global aviation majors for military and civil projects with an eye on trebling the turnover to $3 billion by 2011, according to its Chairman, Mr Ashok K. Baweja.
The defence PSU expects to cross the Rs 7,000-cr mark this year. For 2005-06, it posted a turnover of Rs 5,375 crore at a growth rate of over 18%.
Currently, the aircraft major is the object of interest of many global aircraft and aero engine majors such as Lockheed Martin, Boeing, Airbus, Bell, Eurocopter, Pratt & Whitney, for sourcing and manufacturing tie-ups, Mr Baweja told a news conference on Wednesday.
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The defence PSU expects to cross the Rs 7,000-cr mark this year. For 2005-06, it posted a turnover of Rs 5,375 crore at a growth rate of over 18%. 
