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Thursday, December 26, 2024 | 08:46 PM ISTEN Hindi

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Aerospace Engineers wins long-term contract for key components from Boeing

Tamil Nadu-based firm to set up a dedicated unit for the purpose, expand existing plant at Salem at an investment of Rs 150 cr

Indian aerospace firms are concerned that a failure to honour existing contracts could result in a flight of business to countries such as South Korea
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This additional facility will generate employment for 1,000 people.

BS Reporter Chennai
Salem-based Aerospace Engineers has signed a long-term contract with Boeing to manufacture and supply critical aviation components and parts for the global aerospace major.

Aerospace Engineers will be setting up a new manufacturing facility, dedicated for civil aerospace production at Hosur with covered building space of 125,000 square feet and also expanding its existing Salem facility with an additional covered building space of 50,000 square feet over the next 24 months with an investment of Rs 150 crore. This additional facility will generate employment for 1,000 people.

The contract order was handed over by Ashwani Bhargava, director, supply chain management of Boeing

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