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Aero India 2009, Bangalore, India,
February 12, 2009 - Textron Systems, a Textron Inc.
(NYSE: TXT) company, and QuEST Global, a leading provider of
outsourced engineering services and manufacturing, today
announced that the two companies are working together on the
development of the QuEST Global Special Economic Zone (SEZ)
in Belgaum, Karnataka, India.
The SEZ, endorsed by the Ministry of Commerce & Industry,
covers 300 acres and is focused on Precision Engineering. As
a sector-specific economic zone, this area will provide
build-to-suit requirements to companies seeking to establish
businesses and manufacturing facilities in the region by
providing a world-class infrastructure, particularly for the
aerospace and defense, industrial and automotive industries.
Development of the SEZ, currently in Phase I, began in
January 2009.
“With growing demands for state-of-the-art defense services
and solutions, India is a key country in a region that is
important to our international growth,” stated Frank
Tempesta, President and CEO, Textron Systems. “We look
forward to partnering with the Indian Government, the Indian
Armed Forces and QuEST in strengthening India’s defenses.”
“This relationship marks the beginning of the Aerospace &
Defense industry’s development at the SEZ,” said Aravind
Melligeri, Chairman and Co-founder, QuEST Global. “This SEZ
provides a platform for Foreign Direct Investments, products
and services in support of the Indian defense industry.”
Under the terms and conditions of a Memorandum of
Understanding, Textron Systems and QuEST Global will work
together to develop the manufacturing capabilities within
the SEZ.
About Textron Systems
Textron Systems Corporation has been providing innovative
solutions to the defense, homeland security and aerospace
communities for over 50 years. Known for its precision smart
weapons, intelligent battlefield systems, surveillance
systems, intelligence software solutions, aircraft control
components, piston engines, armored vehicles and unmanned
aircraft systems, Textron Systems includes AAI, HR Textron,
Lycoming Engines, Overwatch Tactical Operations, Overwatch
Geospatial Operations, Textron Defense Systems, and Textron
Marine & Land Systems. Textron Systems Corporation is an
indirect wholly owned subsidiary of Textron Inc.
More information is available at
www.textronsystems.com.
About Textron Inc.
Textron Inc. (NYSE: TXT) is a $14.2 billion multi-industry
company operating in 28 countries with approximately 42,000
employees. The company leverages its global network of
aircraft, defense and intelligence, industrial and finance
businesses to provide customers with innovative solutions
and services. Textron is known around the world for its
powerful brands such as Bell Helicopter, Cessna Aircraft
Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee,
Textron Systems and Textron Financial Corporation.
More information is available at
www.textron.com.
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