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| Sikorsky Aircraft and Tata Advanced Systems Sign MOU for S-92® Helicopter Cabin Production in India |
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New Delhi, February 15, 2008: Sikorsky Aircraft Corp. today announced the signing of a Memorandum of Understanding for teaming up with Tata Advanced Systems to manufacture S-92® helicopter cabins in India. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX). Tata Advanced Systems is a wholly owned subsidiary of Tata Industries focused on providing integrated solutions for Defence and Aerospace. |
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The Tata Group is one of India's oldest and largest conglomerates with businesses spread over seven sectors and comprised of 98 companies operating on six continents. |
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“India represents an expansive rotorcraft market with enormous potential and opportunity,” said Sikorsky President Jeffrey P. Pino. “While we are only in the most preliminary of stages, I am most excited at the possibility of working with the well known and admired Tata Group, and tapping into India’s skilled aerospace industry and capability.” |
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Tata Industries believes that this manufacturing facility for the S-92 helicopter cabin will offer productivity gains to Sikorsky while bringing new manufacturing technology to India. This initiative forms important part of the larger strategy for this sector. |
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Tata Industries believes that this manufacturing facility for the S-92 helicopter cabin will offer productivity gains to Sikorsky while bringing new manufacturing technology to India. This initiative forms important part of the larger strategy for this sector. |
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Sikorsky Aircraft Corp., based in Stratford, Connecticut, USA, is a world leader in helicopter design, manufacturing and service. The company’s mission statement reflects its long commitment to safety and innovation: “We pioneer flight solutions that bring people home everywhere … every time™.“ United Technologies Corp., based in Hartford, Connecticut, USA, provides a broad range of high technology products and support services to the aerospace and building systems industries. |
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The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion (Rs129,994 crore), the equivalent of about 3.2 per cent of the country's GDP, and a market capitalization of $65 billion (as on Feb 8, 2008). Tata companies together employ over 300,000 people. |
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