Pune, February 19, 2015 - Pune-based Bharat Forge Limited (BFL) has announced that it has signed a multi-year contract with Boeing Commercial Airplane to supply titanium forgings to be used in the wings of next-generation 737 and 737 MAX. Under the agreement, Bharat Forge will supply pre-machined forgings from its facilities in Pune and Baramati to Boeing in the first quarter of 2016. The titanium parts will be heat-treated, shaped in a forging press, and machined by BFL before being shipped to Boeing for finish machining into components. The components will then be installed at Boeing's assembly plant at Renton in Washington.

"We are pleased to welcome Bharat Forge into our supply chain as they have an impressive record of performance across many industries," said Kent Fisher, Vice-President and General Manager (Supplier Management), Boeing Commercial Airplanes. "Our discussions with Bharat Forge Chairman and Managing Director Baba Kalyani and his leadership team leading up to this agreement have demonstrated not only a high level of technical expertise but also an understanding of the need to meet the aviation market requirements for affordability," Fisher added.

"This contract will help us deliver cost-effective components to one of Boeing's latest airplanes, 737 MAX, and it also demonstrated our accelerating engagement with Indian suppliers to scale up aerospace manufacturing aligned with Prime Minister Narendra Modi's 'Make in India' campaign," said Pratyush Kumar, President, Boeing India. Boeing currently has forging contracts with suppliers in Asia, Europe, Russia, and North America and will continue to add new sources of forgings around the world.

Elaborating about the deal, Kalyani said, "The partnership with Boeing highlights our capabilities in titanium forging and our unwavering commitment to offer high-end technology and tangible value in the aerospace sector. It is our strategic intent to play a significant role in the global aerospace supply chain with forged and machined products and assemblies in the future. We have created the requisite infrastructure and have secured relevant global quality homologations. We are targeting revenues in excess of USD 100 million per annum from this sector."