HAL ties up with Gulfstream corporation

Bangalore: Hindustan Aeronautics Ltd. has entered into a business alliance with Gulfstream Aerospace Corporation, the Georgia (America) based wholly owned subsidiary of General Dynamics that manufactures business jets. The deal entails HAL supplying component packages including for the rear fuselage, which are to be fitted on Gulfstreams' new mid-sized, high-speed business jet, G-150.
The Gulfstream deal is a part of HAL's ongoing strategy to sew up a number of deals in the civilian airline sector, as the aviation major attempts to ramp up its sales turnover from the present $1billion to $3billion by 2011. HAL has realised that if it is to increase its sales turnover, and become a global aviation player, it will have to: abjure the tendency to tie most of their business to India's defence budget, increase share in the civil market and exponentially push up exports.
19/12/06 Ravi Sharma/The Hindu

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