Jetliner maker Boeing has announced that it is awarding a contract for titanium forgings for the 777X to the Pune-based forgings maker Bharat Forge (BFL).
The forgings will be developed and manufactured by BFL using a closed die forgings process, Bharat Forge said in a statement to the BSE.
The first two forgings are scheduled to be shipped to Boeing in late 2016 and will be followed by two more forgings in early 2017.
Earlier this year, Bharat Forge began supplying titanium forged flap tracks for the Boeing Next Generation 737. It will also supply forgings for the 737 MAX scheduled to enter service in 2017.
“We are pleased to expand our partnership with Bharat Forge. They have demonstrated not only a high level of technical expertise, but also an understanding of the need to meet market requirements for affordability,” Pratyush Kumar, President, Boeing India, said.
Subodh Tandale, executive director, BFL, added, “We are well versed in the stringent process requirements for titanium forgings and have mastered the process. We will be supplying critical wing components for one of the most advanced Boeing aircraft.”
The announcement gave wings to the Bharat Forge scrip that rose almost 2 per cent and was seen trading at Rs 812 apiece, a gain of Rs 15 per share.