business / news / / The Economic Times
GE Aerospace and Hindustan Aeronautics Ltd have concluded technical discussions for F414 engines.
GE Aerospace and HAL have concluded technical discussions for coproduction of F414 fighter jet engines.
KEY POINTS
- The agreement includes a deep transfer of manufacturing technology, with GE transferring 80% of IP rights.
- A new contract will enable 99 F414 engines to be manufactured in India for the Tejas Mk2 fighter.
- GE and HAL plan to set up an Indian manufacturing facility within two years of contract signing.
- GE is open to collaborating with India on developing higher thrust 120kN class engines for future jets.
COMPANIES
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