Taneja Aerospace signs contract to upgrade MiG-29s


Pune-based Taneja Aerospace and Aviation Limited (TAAL) has bagged the contract for life cycle upgradation of MiG-29 fighter aircraft of the Indian Air Force (IAF). TAAL competed with much bigger players like Tatas, L&T and Punj Lloyd among total eight bidders to get this deal worth over Rs 12 crore.

The deal signed on Wednesday is being dubbed as the first of its kind, because so far only smaller jobs like manufacture of spares or other allied services were outsourced by the IAF. Never before has a private company been involved in retrofitting of an entire aircraft. Till now, this was the sole domain of defence PSU Hindustan Aeronautics Limited (HAL).

TOI had reported in December last year that seven private players had evinced interest in the aircraft upgrade contract. They had responded to the request for information (RFI) floated by IAF for upgrade of MiG-29s and AN-32. The latter is a transport aircraft while the MiG-29 is known to be among the best air defence planes with the IAF.

Source: http://timesofindia.indiatimes.com/city/nagpur/Taneja-Aerospace-signs-contract-to-upgrade-MiG-29s/articleshow/45289673.cms

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