In a three-way deal that first came to light as a memorandum of understanding (MOU) last year, Sikorsky announced on Friday that it completed an agreement for India’s Tata Advanced Systems Ltd. (TASL) to build the cabins of its S-92 Helibus in India. The cabins will be manufactured at a new TASL facility in Hyderabad in the state of Andhra Pradesh. Deliveries will begin next year. TASL is part of India’s Tata Group of diversified companies, a wide-ranging global conglomerate with annual sales of $62 billion. The cabin was manufactured by Japan’s Mitsubishi, one of the original global risk-sharing partners in the S-92 program. The deal spotlights Sikorsky’s continuing efforts to wring costs from the S-92 program, Tata’s stepped up presence as an emerging global aerospace player and the increasing amount of collaboration between Mitsubishi and Tata in recent years. The two companies are partners in a variety of automotive, aerospace, real estate development and financial ventures.
Tata Takes Over S-92 Cabin
- June 16, 2009, 11:33 AM