Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme

IT outsourcing contracts of more than $1 billion currently executed by Indian companies are at risk of termination because Boeing has halted the production of its flagship Boeing 737 Max jets with effect from January.
 
According to sources in the know, major IT firms such as Tata Consultancy Services, HCL Technologies, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers’ ecosystem, which comprises engine manufacturers, body suppliers, and avionics providers.
 
“Boeing figures on the top ten list of many Indian service providers. So, those players will definitely be affected in the short run.