L&T - Boeing Signs MoU with the Company

Larsen & Toubro Ltd has announced that the Boeing Company on February 08, 2007 has signed a Memorandum of Understanding (MoU) with the Company, for the joint exploration of business opportunities in India's defense sector. The signing ceremony took place at the Aero India Aerospace Show in the city.

"The MoU with Boeing adds a new, international dimension to our engagements in the strategic sectors of defense and aerospace," said M V Kotwal, Senior Executive Vice President of the Company, in charge of the Company's Heavy Engineering Division. "As a major supplier of critical systems to India's defense sector for more than four decades, we have worked closely with the defense establishment in developing and putting into production a range of advanced systems. This new agreement will add depth to our capabilities in the aerospace and defense sectors."

While offering defence products to India, Boeing's business strategy aims to transform product sales into a springboard for private and public industrial partnerships.

Source : Equity Bulls

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