Thursday, July 29, 2010

DTN News: BAE And Rolls-Royce Seal £700m India Deal

Defense News: DTN News: BAE And Rolls-Royce Seal £700m India Deal
(NSI News Source Info) TORONTO, Canada - July 29, 2010: DEFENCE firms BAE Systems and Rolls-Royce yesterday cashed in on a drive to boost trade links with India by sealing a £700million deal to supply Hawk jets to the Indian military.
BAE signed a £500million deal to supply 40 Hawks to the country’s air force and 17 to its navy and Rolls-Royce unveiled a £200million contract to build Adour engines for the aircraft, which India will use to train pilots to fly supersonic fighter jets.
BAE announced the deal as Prime Minister David Cameron toured a Hindustan Aeronautics plant in Bangalore during a trade trip to India, one of the world’s biggest defence markets.
The Government is also planning to grant licences to civil nuclear firms to export to India, which could open up business prospects potentially worth billions of pounds for nuclear contractors such as Rolls-Royce and specialist services group Serco.
Cameron said: “This agreement will bring significant economic benefits to both our countries.”
India had ordered 66 Hawk jets from BAE in 2004 and yesterday’s follow-up deal was the first among a series of bilateral trade agreements to be signed during Cameron’s visit. The contract will support about 200 UK jobs.
Indian firm Hindustan Aeronautics will assemble the Hawks under licence in Bangalore using specialist engineering services, raw materials and equipment from BAE.
Hindustan Aeronautics and Rolls-Royce, whose engineering co-operation relationship dates back to 1956, will co-produce the Adour engines. BAE also sells the Hawks to Australia, Canada, South Africa and the Royal Air Force.
BAE chairman Dick Olver said the Hawk deal reflected the importance of government support for the defence industry.
Rolls-Royce defence president Dan Korte said: “This new agreement for the Adour engine further extends our long-standing relationship with the Indian armed forces.”
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