Boeing and Tata Industries are to form a joint-venture company in India that will make defence-related aerospace components for export to Boeing and its international customers.
Under the memorandum of agreement signed by Boeing and Tata, the joint-venture will be established by June 2008, and shortly thereafter will begin work building components.
Initially, Boeing plans to issue contracts for work packages to the joint-venture company that involve components for Boeing's F/A-18 Super Hornet for the US Navy and Royal Australian Air Force, the CH-47 Chinook and/or the P-8 Maritime Patrol Aircraft.
A research and development centre for advanced manufacturing technologies is also being contemplated.
This is not Boeing's first foray into India. In December 2003, Boeing established a wholly owned subsidiary, Boeing International Corporation India Private Limited (BICIPL), to support the growing demands of India's aviation, aerospace and defence industries.
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If I may add my own personal Tip No. 6 it goes something like this: From time to time a more senior member of staff will start explaining something...