Maini Precision Products Signs Contract To Supply Parts To Airbus
04/20/2012| 09:10am US/Eastern
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India's Maini Precision Products Pvt. Ltd. said Friday its aerospace unit has signed a contract to supply components to European plane maker Airbus.
It didn't specify the value or duration of the contract.
Airbus has similar contracts with other Indian companies such as Satyam Computer Services Ltd. and Dynamatic Technologies Ltd. for supply of parts and software for its global production.
The European company annually sources more than $100 million worth of parts from India, Kiran Rao, its executive vice president for global sales and marketing, said recently.
-By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; anirban.chowdhury@dowjones.com
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