Tatas set to grab opportunity that arises from hike in FDI limit

Discussion in 'Defence & Strategic Issues' started by cobra commando, Jul 20, 2014.

  1. cobra commando

    cobra commando Tharki regiment Veteran Member Senior Member

    Oct 3, 2009
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    The Marine One choppers used by the US president often escape the halo of glamour enjoyed by his aircraft fleet Air Force One. The Marine One fleet, which is the preferred alternative for presidential motorcades for safety reasons, are always a group of identical choppers, one of which carries the president with the others serving as decoys. After the 9/11 terrorist attacks, it was decided that the Marine One helicopter fleet's communication, transportation and security systems needed to be upgraded. By 2002, the department of defence flagged off the VXX programme for this endeavour, only for it to be dust-binned seven years later because of massive cost overruns. The Marine Corps restarted the programme soon after; by May 2014, the US Navy awarded Sikorsky Aircraft a $1.24-billion contract to build six presidential helicopters, and by 2023, the Stratford, Connecticut- headquartered company will deliver a replacement fleet of 21 aircraft. That's doubtless a prestigious order for Sikorsky — as well as for one Indian aerospace and defence company that will be busy building the main body, or fuselage, of the new fleet at its Hyderabad factory in a joint venture with the American aircraft maker.
    Tata Advanced Systems Ltd (TASL), a wholly owned subsidiary of Tata Sons, has an agreement to produce helicopter cabins in India; and for good measure a joint venture in which Sikorsky has a 26% stake makes roughly 5,000 detailed aerospace components in India.

    Read more here:
    Comprehensive defence portfolio: Tatas set to grab opportunity that arises from hike in FDI limit - The Economic Times

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