European aircraft and aerospace major Airbus on Monday said it has signed new contracts with multiple India-based suppliers for the manufacturing of components for commercial aircraft.
Contracts have been signed with Aequs, Dynamatic, Gardner and Mahindra Aerospace for the supply of airframe and wing parts across Airbus’ A320neo, A330neo and A350 programmes, the company said in a statement.
The latest contracts follow the allocation of the A320neo family cargo and bulk cargo doors manufacturing to Tata Advanced Systems earlier this year, Airbus said.
The company already procures components and services worth USD 750 million every year from India, and the latest round of contracts will add significantly to those volumes, it said.
