GE Aerospace, Hindustan Aeronautics Ink MoU To Make Jet Engines For Indian Air Force
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GE Aerospace, a subsidiary of General Electric Co (NYSE:GE), has signed a Memorandum of Understanding with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force. The agreement includes the potential joint production of GE Aerospace's F414 engines in India as part of the Indian Air Force's Light Combat Aircraft Mk2 program.
June 22, 2023 | 12:59 pm
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GE Aerospace signs MoU with HAL to produce fighter jet engines for the Indian Air Force, advancing its commitment to build 99 engines for the LCA Mk2 program.
The MoU between GE Aerospace and HAL will strengthen GE's position in the aerospace and defense sector, potentially leading to increased revenues and a positive impact on its stock price. The partnership advances GE's commitment to build 99 engines for the Indian Air Force's LCA Mk2 program, showcasing the company's capabilities and expanding its market presence.
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