Tata Industries Limited and Boeing Company have accorded on a plan to form a Joint Venture (JV) company that will initially include more than $500 million of defense-related aerospace component work in India for export to Boeing and its international customers. Under the memorandum of agreement signed by both the companies, it is contemplated that the JV company will be established by June 2008. Manufacturing capabilities established within the joint-venture company would in later phases be leveraged across multiple Boeing programs including the Medium Multi-Role Combat Aircraft (MMRCA) competition. In the first phase of the agreement, Boeing would potentially issue contracts for work packages to the joint-venture company involving defense-related component manufacturing on Boeing''s F/A-18 Super Hornet for the US Navy and Royal Australian Air Force, CH-47 Chinook and/or P-8 Maritime Patrol Aircraft.
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