Stock Market News

GE to jointly produce fighter jet engines in India

2023.06.22 14:54


© Reuters. FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of the company’s energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo

(Reuters) – General Electric (NYSE:)’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force.

The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States.

The agreement includes the potential joint production of GE Aerospace’s F414 engines in India and the engines will be used to power Tejas fighter jets, GE said.

Washington is working to deepen ties with the world’s largest democracy and sees deeper military-to-military and technology ties with India as a key counterweight to China’s dominance in the region.

Hindustan Aeronautics previously said it planned to use the engine for a second generation of light combat aircraft and it was in talks over domestic production of the engines.

Reuters reported in May the Biden administration was poised to sign off on a deal that would allow GE to produce jet engines powering Indian military aircraft.

GE first began working with Hindustan Aeronautics and the Aeronautical Development Agency in 1986 to support the development of India’s light combat aircraft with F404 engines.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,351.82 0.73%
ethereum
Ethereum (ETH) $ 3,393.82 0.66%
tether
Tether (USDT) $ 0.998998 0.14%
xrp
XRP (XRP) $ 2.19 0.10%
bnb
BNB (BNB) $ 702.61 1.00%
solana
Solana (SOL) $ 190.13 0.62%
dogecoin
Dogecoin (DOGE) $ 0.318416 0.47%
usd-coin
USDC (USDC) $ 1.00 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,390.68 0.84%
cardano
Cardano (ADA) $ 0.894571 2.61%
tron
TRON (TRX) $ 0.258377 2.74%
avalanche-2
Avalanche (AVAX) $ 37.94 0.11%
the-open-network
Toncoin (TON) $ 5.79 1.15%
chainlink
Chainlink (LINK) $ 23.23 1.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,061.40 1.57%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 1.29%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,345.81 0.45%
sui
Sui (SUI) $ 4.32 1.06%
bitget-token
Bitget Token (BGB) $ 8.34 22.17%
hedera-hashgraph
Hedera (HBAR) $ 0.285354 1.58%
stellar
Stellar (XLM) $ 0.361744 0.43%
polkadot
Polkadot (DOT) $ 7.16 2.09%
weth
WETH (WETH) $ 3,392.18 0.70%
hyperliquid
Hyperliquid (HYPE) $ 27.16 8.48%
bitcoin-cash
Bitcoin Cash (BCH) $ 454.32 2.87%
leo-token
LEO Token (LEO) $ 9.20 3.08%
uniswap
Uniswap (UNI) $ 14.05 7.80%
litecoin
Litecoin (LTC) $ 104.35 0.34%
pepe
Pepe (PEPE) $ 0.000018 1.88%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,597.18 1.19%
near
NEAR Protocol (NEAR) $ 5.20 1.06%
ethena-usde
Ethena USDe (USDE) $ 0.998122 0.10%
usds
USDS (USDS) $ 1.00 0.06%
aave
Aave (AAVE) $ 341.76 0.59%
internet-computer
Internet Computer (ICP) $ 10.57 0.12%
aptos
Aptos (APT) $ 9.07 0.69%
crypto-com-chain
Cronos (CRO) $ 0.153604 1.42%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.492513 1.16%
mantle
Mantle (MNT) $ 1.21 1.49%
ethereum-classic
Ethereum Classic (ETC) $ 26.64 2.09%
vechain
VeChain (VET) $ 0.047662 0.25%
render-token
Render (RENDER) $ 7.34 2.12%
bittensor
Bittensor (TAO) $ 484.51 1.22%
whitebit
WhiteBIT Coin (WBT) $ 24.60 0.25%
monero
Monero (XMR) $ 191.72 0.35%
mantra-dao
MANTRA (OM) $ 3.64 0.31%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.32 2.72%
dai
Dai (DAI) $ 0.999777 0.12%
arbitrum
Arbitrum (ARB) $ 0.779162 2.27%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.15 8.88%