Raytheon Strengthens Indian Partnerships
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Offshoring aerospace work to India is a growing trend, and the Indian defense market’s combination of obvious opportunity and required industrial offsets has many foreign firms working to line up partners. Raytheon recently announced signed memorandums of understanding with 5 major Indian companies, as part of their “plan to build a team committed to providing the best solutions for India’s military forces…. [These agreements] represent another step toward establishing a strong working relationship, encouraging pursuit of emerging business opportunities, and providing for in-country offset. They also will pave the way for more exchanges of technology and business know-how between India and the U.S.”
These MoUs join a 6th signed earlier this year, leaving Raytheon positioned via relationships with Bharat Electronics Limited, Data Patterns (India) Private Limited, Godrej & Boyce Manufacturing Company Limited, Larsen & Toubro Limited, the Strategic Electronics Division of Tata Power Company, and Wipro Limited. These firms produce a wide range of products for India’s military in the areas of communications, radar, naval systems, telecommunications and broadcast, electronic warfare, tank electronics, opto-electronics, professional electronic components, and solar photovoltaic systems.
