HCL Tech chosen as Tier-I services supplier to EADS

04 Jul 2008

1

New Delhi: India's fifth largest IT services exporter HCL Technologies (HCL) on Thursday announced that it has been chosen as a key partner to provide product engineering services and technical publication services to EADS. It now becomes one of EADS' 28 Tier-I partners out of its existing pool of around 2,000 suppliers.

European consortium, EADS, is a global leader in aerospace defence and related services. It is currently re-structuring its enterprise to become a more profitable entity. A part of its global sourcing strategy, the move would enable EADS to achieve significant cost reductions, increase global competitiveness and widen global industrial reach, an HCL release said.

Currently, EADS spends about €2 billion per annum on engineering services, which includes research, modelling, flight physics and design of aircraft. The consolidated supplier base, which covers the entire EADS Group, is expected to lead to significant cost reductions.

The services provided by HCL would be delivered to EADS Group from its Indian Design Centre in Bangalore.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers