© Reuters. FILE PHOTO: The brand of U.S. conglomerate Common Electrical is pictured on the web site of the corporate’s power department in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photograph
(Reuters) – Common Electrical (NYSE:) mentioned on Thursday it has signed a memorandum of understanding with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Pressure.
The event comes at a time when Indian Prime Minister Narendra Modi is on an official state go to to america.
The memorandum of understanding contains the potential joint manufacturing of GE Aerospace’s F414 engines in India, GE mentioned.
Hindustan Aeronautics beforehand mentioned it deliberate to make use of the engine for a second technology of light-combat plane and it was in talks over home manufacturing of the engines.
Reuters reported in Might the Biden administration was poised to log out on a deal that might permit GE to provide jet engines powering Indian navy plane.