Sikorsky Aircraft Corp and Tata Advanced Systems Ltd (TASL) today signed an agreement for creating a joint venture which will manufacture aerospace components for the US-based firm in India.
The JV would also manufacture components for Sikorsky S-92 helicopter cabins, a release said here.
"India is certainly a key aerospace region, and we are thrilled to team up with Tata and help serve and grow the business there," Sikorsky senior vice-president of operations, Mick Maurer, said in the statement.
"This is part of our strategy to participate meaningfully in this space, and to enhance India's capacities in this sector," Tata Advanced Systems CEO, Lt General (retd) Davinder Kumar, said.
The venture would be positioned to manufacture components for other aerospace Original Equipment Manufacturers (OEMs) as well as detailed parts for the Sikorsky S-92 helicopter cabins.
It is expected that the joint venture operations would be housed in a second greenfield facility that would be constructed in Hyderabad, next to the cabin assembly building, the release said. Construction for the joint venture company's facility is targeted for completion by 2011, with production beginning in late 2012.
Sikorsky is a subsidiary of the US-based United Technologies Corp and TASL is a wholly owned subsidiary of Tata Sons.
United Technologies Corp provides a broad range of high technology products and support services to the aerospace and building systems industries.
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