Monday, February 16, 2009

Bangalore: The five-day Aero India 2009, during which Global aviation majors and national firms displayed flying prowess of their machines, concluded at the Yelahanka Airbase here on Sunday.
Tens of thousands of aviation enthusiasts turned up to watch "magnificent flying metal birds", especially on the last two days when the show was open for public, as a slew of MoUs and agreements were signed during the event organised by the Ministry of Defence and managed by the Confederation of Indian Industry.
Agustawestland, a Finmeccanica company, and Tata Sons inked an MoU for formation of an Indian joint-venture company which would establish a final assembly line for manufacture of AW-119 helicopters in India.
Also, Tata Advanced Materials Ltd (TAML), a Tata Group Company, and global firm Saab signed a business agreement for manufacture of structural composite components. In sharp focus were six companies -- Lockheed Martin and Boeing from the United States, Russia's MiG, which is part of the 'UAC,' France's Dassault, Sweden's Saab and the EADS consortium of British, German, Spanish and Italian companies -- who are in race for a Rs 40,000-Rs 45,000 crore contract to supply 126 fighter jets to India.
15/02/09 PTI/The Hindu


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