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News >> Technology >>
Satyam ties up with US defence giant
By Sriparna
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Tuesday, 27 February 2007, 18:30 IST
Hyderabad: Satyam Computers has tied up with $30 billion US global defence and technology company, Northrop Grumman, to expand in the global aerospace and defence marketplace.
A national daily reported that both the companies would provide high-end engineering services to global players.Satyams vice-president (aerospace and defence) Pinaki Dasgupta said that this practice accounts for 15 percent revenue for Satyams overall revenue from manufacturing business.
Stating that their pipeline is strong, he said that the company is aiming at 100 percent year-on-year growth. Commenting on the revenue sharing arrangement, he said, The alliance is unique and is not just another technical tie-up. The revenue sharing will be project-specific.
Both companies are working on the Hawkeye surveillance aircraft technology. The all-weather E-2 Hawkeye airborne early warning and control aircraft has served the eyes of the US Navy fleet for over 30 years, quoted the Northrop website.
Both the companies are exploring the Indian defence market and would be looking at possibilities of developing and customizing the Hawkeye to suit the requirements of the Indian Navy.
Satyam has made three critical investments to strengthen its aerospace and defence vertical with the setting up of an aerospace engineering center of excellence in Bangalore, one avionics center and RFID Labs in Chennai.