Boeing Co. has tentatively agreed to send as much as $1 billion in aerospace manufacturing work to state-owned Hindustan Aeronautics Ltd. in India over the next 10 years.
Under the agreement announced Thursday, Boeing will share some its key business and manufacturing tools with Hindustan Aeronautics, said Jim Albaugh, president and chief executive of Boeing's defense aerospace business.
The U.S. aircraft maker will help the Indian company in developing manufacturing processes and capabilities needed for the production of military hardware for Boeing and its subcontractors.
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