EADS and Hindustan Aeronautics, Aviation major Hindustan Aeronautics Limited (HAL) and global leader in aerospace and defence, EADS inked a Memorandum of Understanding (MoU) to further develop long-term cooperation and define joint strategies on different market segments.
The MoU was signed on Friday, September 1, 2006, by HAL Chairman Mr Ashok K. Baweja and EADS CEO Dr Tom Enders.
With this MoU, the two groups will expand their cooperation into new market segments. A joint analysis of mid-term and long-term strategies on the key segments of aerospace business will be conducted in the coming months to determine how both groups could team up and benefit from each other
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