Wayne Burt Group outfit signs seven MoUs with GE Aviation

Posted on 9th Mar 2015 11:26 am by mohit kumar

Chennai, March 6 (IANS) Wayne Burt Group, a deep value fund with interests in aviation and other sectors, on Friday said it has signed seven Memoranda of Understanding (MoUs) with GE Aviation through its group company Kerns Aero Products.

In a statement issued here, Wayne Burt Group said MoUs with GE Aviation has been signed for Indian Coast Guard Aircraft Programme (Sikorsky aircraft), Airbus' Indian Air force A330 MRTT Tanker programme; AH-64 aircraft under the Attack Helicopter Programme; India VVIP Helicopter Programme; Boeing Apache Helicopters Programme; Light Combat Aircraft - Tejas Engine Programme and S70-B helicopters Programme (Sikorsky Aircraft).

According to Wayne Burt Group president and CEO T.G.S. Mahesh, being the defence offset partner for GE, group company Kerns Aero has good growth potential with regard to Indian defence industry.

The statement said Kern Aero's plant is located near here and around $25 million has gone into it as investment.

The company manufactures high precision, complex, special process aircraft engine components for aircrafts and rocket engines

Other news

GST 2.0 rates came into effect today, what will be the benefits and impact? Understand in 10 points.

A major change has been implemented in the Goods and Services Tax (GST) from today. The new GST r

Film The Kashmir Files: Politics over the film 'The Kashmir Files', Twitter users furious over Congress' facts on Kashmiri Pandits

The issue of Kashmir Pandits is once again in the headlines on the pretext of the Bollywood film

Mamata to meet Sonia next week: Initiative to unite the scattered opposition; The issue of misuse of ED and investigative agencies will be discussed

Troubled by the crackdown in the presidential election and the action of the Enforcement Director

'If any Imam comes to the village, immediately call the police station, Assam CM issued strict guidelines

Assam CM Himanta Biswa Sarma issued strict guidelines (SoP) regarding Imams on Monday. He said th

Aishwarya Rai behaved like this with a fan amidst the promotion of PS2, the daughter-in-law of the Bachchan family is being praised everywhere

The beauty of Bollywood actress Aishwarya Rai Bachchan is discussed all over the world today. Ais

India in the field of semiconductor manufacturing, addressing the challenges related to chip manufacturing

Semiconductor Technology Fairchild Semiconductor, a US company, had sought permission for its man

Vaccine from January 16: Corona vaccination will start in the country from next Saturday, the first preference is to 3 crore people

The date that the country was waiting for has been announced. Corona vaccination program across t

Gyanvapi Case: 355-year-old dispute on the way to solution through survey report; Litigation going on in the court for 33 years

The survey report of the Archaeological Survey of India (ASI) may end the 355-year-long dispute o

North Korea successfully test-fired two cruise missiles: Target made 2000 km away, claims - capable of nuclear attack

North Korea successfully test-fires two long-range strategic cruise missiles. It is claimed that

Tamil Nadu: Politics heats up due to ED's action against Minister Senthil Balaji, Congress said - we will not be afraid

ED's action against Tamil Nadu Government's Electricity Minister Senthil Balaji has heated the po