The Hindu Business Line : 1,000-acre SEZ for aerospace industry in Karnataka

Bharat Electronics Ltd on Wednesday signed an MoU to set up a joint venture company with Israel major, Elbit Systems Electro Optics (ELOP) Ltd. The two will jointly develop, produce and market thermal imaging and forward looking infrared cameras for Indian and global markets.

BEL gave an LoI to Elbit for the manufacture of tactical computers and Elbit gave a supply order worth $0.45 million to BEL for a gun display unit and other accessories required for Ireland.

BEL also signed an MoU with Northrop Grumman Corporation of the US to explore potential co-production opportunities for domestic aerospace and defence electronics requirements as well as Northrop Grumman's export needs. It will contract manufacture for NG.

BEL met officials of Boeing to discuss possible offset projects and also met officials of L3 Ocean Systems, the US and Azimuth, Israel.

Gripen team

The Swedish team of SAAB offering the JAS-39 Gripen fighters for IAF has brought a record number of the fighters to the expo. Two 2-seater Gripen - D; one single-seater Gripen-C flew in last week on ferry flights. The aircraft belonging to the Swedish Air Force will take part in the daily flying and static displays.

Raytheon's biz jets

US major Raytheon Aircraft Company has launched its brand new line of mid-size and super light mid-jet business jets, the Hawker 750 and Hawker 900XP for Indian customers.

The Hawker 750 is an ideal workhorse for the subcontinent and the 900XP is for hauls up to West Asia, Europe and East Asia with one stop.

Priced at $11.2-11.9 million for two versions, the Hawker 900XP is due for certification in third quarter of this year, start deliveries in the fourth quarter and will launch Honeywell's new TFE731-50R engine.

Boeing in India

Boeing commercial Airplanes has committed to invest up to $185 million in the country as part of its offset obligations from Air India's purchase. The investment includes pilot training facilities, MRO unit at Nashik and sourcing from HAL, IT majors TCS, Wipro, Infosys and Satyam, according to Boeing Commercial's Senior Vice-President, Sales, Dr Dinesh Keskar.

Its first Dreamliner will fly from India next year and Boeing continues to be bullish on the country, Dr Keskar said.

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