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Boeing Signs 10 Year MoU With Hindustan Aeronautics Ltd.

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Boeing [BA] and India's Hindustan Aeronautics Limited (HAL) announced Dec. 20 signing a 10-year Memorandum of Understanding (MOU) intended to bring more than $1 billion of new aerospace manufacturing work to India. The agreement, signed in New Delhi by Jim Albaugh, president and CEO of Boeing Integrated Defense Systems, and Ashok Baweja, chairman of HAL, also includes sharing key Boeing business and manufacturing tools with HAL. "I am extremely pleased that Boeing and HAL have agreed to work together for…

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