Bharat Forge inks pact with Boeing for supply of pre-machined forgings
The company aims to generate revenues in excess of $ 100 million per annum from aerospace sector
BS B2B Bureau B2B Connect | Bengaluru, Karnataka
Boeing’s 737 MAX 8 airplane
Under the agreement, Bharat Forge will begin supplying pre-machined forgings from its facilities in Pune and Baramati to Boeing in the first quarter of 2016. The titanium parts will be heat-treated, shaped in a forging press, and machined by Bharat Forge before being shipped to Boeing Portland for finish machining into components. The components then will be installed in the next-generation 737 and 737 MAX wings at the final assembly plant in Renton, Washington.
Baba Kalyani, chairman & managing director, Bharat Forge, said, “It is our strategic intent to play a significant role in global aerospace supply chain with forged & machined products and assemblies in future. We have created requisite infrastructure and have secured relevant global quality homologations. We are targeting revenues in excess of $ 100 million per annum from this sector. This supply-chain partnership with Boeing is a momentous step forward towards our goal. This also affirms our strong resolve to support the ‘Make in India’ drive” in the defense and aerospace sector.”
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Pratyush Kumar, president, Boeing India, said, “This contract will help us deliver cost-effective components to one of Boeing’s latest airplanes - the 737 MAX - and is yet another demonstration of our accelerating engagement with Indian suppliers to scale-up aerospace manufacturing aligned with the Prime Minister’s ‘Make in India’.”
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First Published: Feb 19 2015 | 10:20 PM IST