Wipro Infrastructure Engineering (a division of Wipro) has signed an agreement with Spanish company Compania Espanola De Sistemas Aeronauticos SA (CESA) for the manufacture of precision engineered components for the Aerospace and Defence sector. CESA is a subsidiary of the global Aerospace and Defence Corporation, (EADS).
The agreement involves transfer of technology as well as manufacturing workload for Aerospace actuators and related precision engineered components from CESA to Wipro.
Pratik Kumar, president, Wipro Infrastructure Engineering said, “Aerospace & Defence (A&D) is a huge opportunity for us to leverage our core competences in precision engineering and manufacturing and supply components to tier-1 systems providers. We shall be investing about $15 million in the initial phase in establishing a greenfield venture for the manufacture of these components in the new SEZ for Aerospace being set up at Devanahalli by the Karnataka Govt. Our plan is to start serial production towards end of 2012.”
