Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3178.65
58.20 (1.87%)
< Home < Back

M&M’s arm bags a contract from Airbus Helicopters

Date: 13-07-2016

Mahindra Aerostructures, a subsidiary of Mahindra & Mahindra, has received a contract from Airbus Helicopters to make airframe parts for the AS565 MBe Panther. These parts will be produced at the Mahindra facility in Bengaluru. They will be shipped directly to the Airbus Helicopter production line in Marignane, France where they will be integrated with the rest of the airframe assembly and will form a critical part of the Panthers sold worldwide.

The contract positions Mahindra Aerostructures as the first Indian company to receive a direct manufacturing contract from Airbus Helicopters as a Tier 1 supplier. Mahindra Aerostructures will gradually emerge as the global single source supplier to Airbus Helicopters for these parts. This work package is the first amongst a series of work packages which would embed Mahindra Group firmly in the Airbus Helicopters’ global supply chain and bind the two companies in a long-term 'Make in India' partnership.

Mahindra Aerospace has led the Mahindra Group's foray into utility aircraft and aerostructure manufacturing since 2008. Its utility aircraft business, based in Australia, currently produces the Airvan 8, the most capable, rugged and versatile utility aircraft in its class. Certified in more than 30 countries, over 220 are in service. Mahindra Aerospace is also developing a next-gen 10-seat turboprop, the Airvan 10.