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

Bombay High Court: Demand for Z plus security to Poonawalla, summoned reply from Uddhav government on a plea

The Bombay High Court on Thursday directed the Maharashtra government to respond to a plea seekin

Today, the number of active patients can be exceeded 3.50 lakhs, 2 lakh patients undergoing treatment in the last one month increased

On Monday, 40,611 corona infects were identified in the country, 29,735 recovered and 197 died. A

Modi talks to Rishi Sunak: Congratulations to the new British PM, discussion on India-UK Free Trade Agreement

Prime Minister Narendra Modi has a phone conversation with the new Prime Minister of Britain, Ris

Farmer Protest: Even after the order of the Supreme Court, the Center is ready for tomorrow's talks, but the questions raised in the mind of the farmers

The ninth round of talks between the central government and leaders of farmer organizations on ag

US: The post of US Ambassador to India is vacant for two years, know why Eric Garcetti's name is not getting stamped

US President Joe Biden has announced the name of the new US ambassador to India. According to thi

Congress will share the pain of Lakhimpur farmers, Chhattisgarh and Punjab government announced more help than UP

The Congress governments of Punjab and Chhattisgarh have also announced financial assistance for

T20 World Cup 2024: India practiced hard before the start of the tournament, Hardik bowled for an hour

The Indian team sweated it out in its first training session in New York before starting its camp

The phone talk between the generals of America and Pakistan, including the security situation, these issues were important

General Mark Milley and Syed Asim Munir Talks: A day after the terrorist attack in Kabul, General

IND vs SA Playing-11: India and South. Second T20 between Africa today, will Gill-Ruturaj open or Yashasvi get a chance?

India has not lost any series to South Africa in T20 in the last five years. The first match of t

Sushant Singh Rajput: CBI got important evidence in Sushant's case! Big disclosure of Deputy CM Devendra Fadnavis

Sushant Singh Rajput had a huge fan following in Bollywood. On June 14, 2020, Sushant's body was