DealsTechnology
HAL shares rise nearly 3% after GE Aerospace delivers three F404 engines in August
Hindustan Aeronautics Limited (HAL) stock gained value following the delivery of three additional F404-IN20 engines to India's Light Combat Aircraft program, a move that helps offset ongoing production delays.
Shares of defence major Hindustan Aeronautics Limited (HAL) climbed nearly 3% after US firm GE Aerospace announced the shipment of three F404-IN20 engines to HAL in August for the Light Combat Aircraft (LCA) Tejas Mk1A programme. In a release, GE Aerospace stated it remains proud of its partnership with HAL and the Indian Air Force to power indigenous fighter jets. This delivery occurs after prolonged delays caused by supply constraints affected the aircraft programme.
Light combat aircraftEngine deliveryHindustan aeronautics limitedGe aerospaceIndian air forceDefence industryF404 enginesAircraft production
