Bharat Forge enters into contract with Boeing

Bharat Forge has informed the exchanges that it has entered into a contract with Boeing for developing and manufacturing 777X titanium forgings. The titanium forgings will be developed and manufactured by Bharat Forge using a closed die forging process, the company said. 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, the company said. Bharat Forge said it has started supplying titanium forged flap tracks for the Boeing Next Generation 737 airplane earlier this year. The company will also supply forgings for the 737 MAX, scheduled to enter service in 2017. Shares of Bharat Forge closed at ₹808.05, up 1.47 per cent on the BSE.