GE nears deal with India's Hindustan Aeronautics to co-manufacture fighter jet engines
CNBC 2023-06-09 13:31:10 • 3 mins
Key Points
- General Electric is in final discussions to cement a partnership with India's Hindustan Aeronautics Ltd. to co-manufacture jet engines in the country, CNBC has learned.
- The deal is expected to be signed either before or during a visit by Indian Prime Minister Narendra Modi to Washington, D.C., later this month.
- A partnership of this sort would require the transfer of technology and therefore approval by Congress to move forward.
In this article
- GE
- HAL-IN
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The Indian Air Force (IAF) Tejas fighter jet takes off during the joint 'Exercise Cope India 2023' between The United States Air Force (USAF) and IAF at the air force station in Kalaikunda, in India's West Bengal state on April 24, 2023.
Dibyangshu Sarkar | AFP | Getty Images
General Electric is in final discussions to cement a partnership with India's Hindustan Aeronautics Ltd. to co-manufacture jet engines in the country, CNBC has learned.
