Boeing Thinking Big in India By Manu Sood Monday, December 28th, 2009 8:19 am
Posted in Air, International
Boeing Integrated Defense Systems (IDS), India head, Dr Vivek Lall told Manu Sood, Editor of 8ak, that he expects $31 billion of defense business in India in the next 10 years. Since it’s commonly suggested in business circles that India will spend $100 billion on weapons acquisitions in the next 10 years, this seems to be an ambitious 30 percent market share. This will also create a direct offset liability of roughly about $12 billion (based on 8ak’s assumptions, including an average 40 percent offset), which basically means they will have to create an aerospace and defense industry in India with the additional challenge of integrating it in to the global supply chain.
Here’s a transcript of part of the interview:
8ak: How are your various aircraft deals progressing?
Dr Lall: Boeing announced the P-8i deal in January this year. We have had discussions with the IAF to showcase its capabilities and brought it to Aero India as well, we have submitted the Apache and Chinooks for the IAF’s helicopter tenders, will respond to the RFI for the Naval Fighters and are confident about our Super Hornet offering in the ongoing MMRCA tender.
8ak: Since Lockheed Martin was involved in both the 5th Generation projects JSF and Raptor it seems that it has left Boeing behind with no future in this segment?
Rest of article at:
http://www.dodbuzz.com/2009/12/28/boeing-thinking-big-in-india/unhappycamper comment: Sweet. Now we're outsourcing weapons systems. That's gotta end well. :sarcasm: