Business Standard

Monday, December 23, 2024 | 02:39 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

New Tata-Boeing venture will roll out Apache chopper cabins from Hyderabad

Every Apache built worldwide will have a made-in-Hyderabad fuselage

Boeing fuselage
Premium

Ajai Shukla
On Thursday, in Hyderabad, Defence Minister Nirmala Sitharaman inaugurated a new aerospace joint venture (JV) between Boeing and Tata, which will build fuselages of the famous AH-64E Apache attack helicopter.

Tata Advanced Systems Ltd (TASL) has a majority 51% stake in the new JV, named Tata Boeing Aeronautics Ltd (TBAL). Boeing holds the remaining 49% – the maximum foreign stake permissible in defence companies under the automatic route.

The brand new, 14,000-square metre TBAL facility in Hyderabad, which will employ 350 highly skilled workers, will deliver its first Apache fuselage to Boeing this year. Production will progressively ramp up until

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in