Memorandum of Understanding between US ‘GE Aerospace’ and ‘Hindustan Aeronautics’

PM Modi’s US tour

New Delhi – During PM Modi’s US tour, an important deal has been signed between the two nations about maintaining security. The treaty between US ‘GE Aerospace’ and ‘Hindustan Aeronautics’ was signed on 22nd June. This is a trailblazing initiative to manufacture F414 engines in India and will enable greater transfer of US jet engine technology than ever before,” the senior administration official said.

(Credit : Reuters)

The treaty includes engine ‘F414’ which happens to the part of ‘M.K.2’ of the Air Force. Chairman and CEO of General Electric, H. Lawrence Culp Jr. said that the deal would expedite the financial transactions between the two nations. The dream of PM Modi and President Joe Biden of establishing close relations between the two nations would be fulfilled due to this deal.