HAL eyes tie-ups with global majors

Hindustan Aeronautics Ltd is embarking on new partnerships with global aviation majors for military and civil projects with an eye on trebling the turnover to $3 billion by 2011, according to its Chairman, Mr Ashok K. Baweja.

The defence PSU expects to cross the Rs 7,000-cr mark this year. For 2005-06, it posted a turnover of Rs 5,375 crore at a growth rate of over 18%.

Currently, the aircraft major is the object of interest of many global aircraft and aero engine majors such as Lockheed Martin, Boeing, Airbus, Bell, Eurocopter, Pratt & Whitney, for sourcing and manufacturing tie-ups, Mr Baweja told a news conference on Wednesday.

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