“I think the policy makes all the sense in the world for what the Prime Minister wants to do for the aerospace and defense sector,” said Chris Raymond, VP for Business Development & Strategy at Boeing Defense Space & Security.
The new order for two of the Indian Navy’s four HDW Type-209 submarines is expected to cost an estimated USD 200 million and the planned purchase currently awaits the Indian govt’s approval of the US Letter of Offer and Acceptance (LOA).
Lall, who joined Reliance Industries Limited (RIL) two weeks back, is reporting directly to the Chairman and Managing Director, Mukesh Ambani. His brief is to stand up the new venture, which will focus on technologies like advanced material sciences and advanced communications technologies, that are likely to have a bouquet of applications in the homeland security, aerospace and defense sectors.
After more than 14 years of service, the head of Boeing Defense, Space and Security in India, is leaving the company at the end of this month. Dr. Vivek Lall has spent the last four years driving Boeing’s presence in the Indian defense market.
US defense and aerospace company Boeing is to start building the the air-to-surface Harpoon missiles ordered by the Indian Air Force (IAF) for their Jaguar maritime patrol aircraft.