India expects the first GEF414 jet engine to be jointly produced with the US to roll out in three years to power the indigenous Tejas Mark2 fighters, in the project that will involve 80% transfer of technology (ToT) and herald a new era in the bilateral defence industrial collaboration. The MoU inked between General Electric (GE) Aerospace and Hindustan Aeronautics (HAL) in Washington will translate into the actual contract “within a few months” after conclusion of some remaining commercial negotiations, a top government official said on Friday.
from Times of India https://ift.tt/f5rMX7g
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