financetom
Business
financetom
/
Business
/
GE Aerospace to transfer 80% of technology to India for F-414 engine production: Official
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GE Aerospace to transfer 80% of technology to India for F-414 engine production: Official
Jun 23, 2023 2:49 PM

American defence company GE Aerospace has agreed to transfer 80 percent of its technology to India for the production of F-414 fighter jet engines under its deal with the Hindustan Aeronautics Limited (HAL), a senior official said on Friday, June 23, reported Reuters.

The landmark deal was sealed during Prime Minister Narendra Modi's visit to the United States and involves a partnership with Hindustan Aeronautics Limited.

"With this deal, we will have 80 percent transfer of tech in making GE 414 engine, which will enhance the operational performance of Light Combat Aircraft (LCA) MKII," the official said.

The collaboration is set to significantly enhance the operational capabilities of India's Light Combat Aircraft (LCA) MKII. A noteworthy aspect of this agreement is that a whopping 80 percent of the engine manufacturing will take place within India, with only minor components being sourced from elsewhere. This infusion of advanced technology represents a major breakthrough for India, solidifying its access to cutting-edge defence technologies.

The deal holds immense strategic importance as it places India among the top five countries worldwide to possess such sophisticated engine technology. The precise number of jet engines to be manufactured and their associated costs have yet to be determined.

The transfer of technology encompasses a range of critical defense aspects, including specialised coatings for corrosion prevention, advanced manufacturing techniques for turbine blades, and innovative laser drilling methods. Moreover, by localising the production of these engines, India will experience streamlined maintenance, repair, and overhaul processes, resulting in improved efficiency.

With inputs from Reuters

First Published:Jun 23, 2023 11:49 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Walmart Mexico CEO Steps Down
Market Chatter: Walmart Mexico CEO Steps Down
Aug 4, 2025
07:27 AM EDT, 08/04/2025 (MT Newswires) -- Walmart's ( WMT ) Mexico and Central America chief executive officer Ignacio Caride will step down from his role, Reuters reported Saturday. Walmart Chile Chief Executive Officer Cristian Barrientos Pozo will take over as interim chief executive until a recruitment process is completed, the report said. Walmart ( WMT ) did not immediately...
Tower Semiconductor Q2 Adjusted Earnings Drop, Revenue Rises; Q3 Revenue Outlook Issued
Tower Semiconductor Q2 Adjusted Earnings Drop, Revenue Rises; Q3 Revenue Outlook Issued
Aug 4, 2025
07:24 AM EDT, 08/04/2025 (MT Newswires) -- Tower Semiconductor ( TSEM ) reported Q2 adjusted earnings Monday of $0.50 per diluted share, down from $0.53 a year earlier. Analysts polled by FactSet expected $0.45. Revenue for the quarter ended June 30 was $372.1 million, up from $351.2 million a year earlier. Analysts surveyed by FactSet expected $371.6 million. The company...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Meatpacker Tyson Foods raises annual revenue forecast on resilient chicken demand
Meatpacker Tyson Foods raises annual revenue forecast on resilient chicken demand
Aug 4, 2025
Aug 4 (Reuters) - Tyson Foods ( TSN ) raised annual revenue forecast and posted better-than-expected results for the third quarter on Monday, betting on resilient demand for its meat products, especially chicken. Profit margins jumped in Tyson's chicken and prepared foods businesses, while they worsened in its beef segment. Tight U.S. cattle supplies continue to force Tyson and other...
Copyright 2023-2026 - www.financetom.com All Rights Reserved