US: GE Aerospace ties up with HAL; Historic summit between Biden and Modi
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The White House on Thursday said that a historic summit between Prime Minister Narendra Modi and US President Joe Biden will result in some major defense deals.
The White House on Thursday said that a historic summit between Prime Minister Narendra Modi and US President Joe Biden will result in some major defense deals. It also includes an unprecedented agreement on co-production of jet engines.
High-level talks will be held after the meeting with Biden
Modi and Biden will hold a one-on-one meeting in the Oval Office of the White House on Thursday followed by a high-level talks. Hours before the meeting between the two leaders, a senior administration official said, "The US-India defense partnership has been going from strength to strength over the years, but now we have entered the next generation defense partnership."
GE Aerospace and HAL to jointly produce jet engines
The official said the summit is expected to yield three major outcomes in terms of defense ties, the first being an "unprecedented" co-production of a jet engine. The US and India are welcoming General Electric's (GE) proposal to jointly produce the F414 jet engine in India. GE and Hindustan Aeronautics Limited signed a memorandum of understanding and an export license agreement has been submitted for congressional notification. General Electric (GE) and Hindustan Aeronautics Limited (HAL) have signed a memorandum of understanding and an export license agreement has been submitted for notification to the Congress (Parliament).
Technology transfer between US and India will be more than before
"This is an important step towards making the F414 engine in India and will enable more transfer of American jet engine technology than ever before," the senior administration official said. The second thing is reliable ship repair, the official said.
MoU signing a milestone in PM Modi's visit: GE Aerospace
Meanwhile, GE Aerospace announced today that it has signed a memorandum of understanding (MoU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force (IAF), which Indian Prime Minister Modi It is a major milestone in the midst of an official state visit to the United States of America and an important element in strengthening defense cooperation between the two countries.
