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Mumbai, India, September 10, 2008 — Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading global IT services, business solutions and outsourcing firm, today announced its partnership with Saab for the establishment of Saab’s Aeronautical Design and Development Center (ADDC) in India. Saab serves the global market with world-leading products, services and solutions ranging from military defense to civil security.
The partnership to establish Aeronautical Design and Development Center (ADDC) aims at addressing the global aeronautical market. ADDC will create a single source of design and development capabilities within India, in addressing domestic and the global defense and civil aeronautical applications. ADDC capabilities across the product lifecycle include: Design and Development of Structures / Systems for new Platforms, Performance Studies and Virtual prototyping, Aircraft Sustenance Engineering, Manufacturing Support, Production and After Market Support, Life extension / Upgrade Programs, Avionics and Mission Critical Software Development.
“This co-operation is not limited to any specific product but is aimed towards building a joint capability to leverage collective strengths across the globe,” says Saab CEO Åke Svensson.
Commenting on the partnership, Mr. S Ramadorai, Chief Executive Officer and Managing Director, TCS, commented “This partnership has a strong blend of Saab’s technology solutions and TCS global engineering model to address the growing opportunities in the aerospace and defense sector.”
Tata Industrial Services Limited (TISL), which oversees and monitors contracts, was instrumental in forging this co-operation. Ms.Uma Pillai Managing Director of TISL, commented “the formation of ADDC is the first step in harnessing the potential of the two global organizations in aerospace and defense sector.”
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. Saab views India as an important, fast growing key market with a procurement plan that fits well into Saabs portfolio. Saab believes in local participation and has a business model with a built-in mindset of co-operation with local industries and transfer of technology. Saab has offered Gripen as one of the contenders in India’s MMRCA (Medium Multi-Role Combat Aircraft) procurement process.
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 116,000 of the world's best trained IT consultants in 50 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
About Tata Industrial Services Limited
Tata Industrial Services Limited, a TATA enterprise identifies competent manufacturing sources; oversees and monitors contracts; undertakes project management related to domestic and global supply needs including offset requirements for major aerospace, civil and defense suppliers.
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