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Reliance Industries May Invest $1 Billion in Aerospace Business Plan -Report

India's Reliance Industries Ltd. (500325.BY) is expected to invest close to $1 billion over the next few years into its new aerospace business and recruit around 1,500 staffers for it, the Economic Times newspaper reported Saturday, citing unnamed executives close to the development. The company, led by billionaire Mukesh Ambani, earlier this month applied for an industrial license with the Department of Industrial Policy and Promotion. The application has indicated Nashik, a city in the western state of Maharashtra, to be the location of the headquarters for the aerospace division that would design, develop and manufacture equipment and components for military and civilian aircraft, the report stated. Previously, RIL created two companies, Reliance Aerospace Technologies Pvt. Ltd. and Reliance Security Solutions Ltd. It had also hired then-Boeing India chief Vivek Lall for launching its aerospace and homeland-security division, the report said. Newspaper website: http://www.economictimes.com Write to [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Boeing (BA)
DateTimeHeadline
02/24/201707:09:00Today's Top Supply Chain and Logistics News From WSJ
02/23/201717:00:00Where Are The Toilets? Order Glut Stretches Giant Jet Makers...
02/23/201707:08:00Today's Top Supply Chain and Logistics News From WSJ
02/22/201712:30:00Boeing Delivers Korean Air's First 787-9 Dreamliner
02/22/201710:52:00Airbus Profit Hit by Charge on Troubled Military Plane Program...
02/17/201716:12:00Trump Praises Boeing, Suggests More Plane Purchases Coming...
02/17/201714:53:00President Donald Trump Praises Boeing, Suggests More Plane Purchases...
02/17/201713:30:00Boeing Debuts 787-10 Dreamliner
02/16/201719:30:00Boeing, Juneyao Airlines Finalize Order for Five 787-9 Dreamliners
02/16/201715:31:35Current Report Filing (8-k)
02/16/201703:15:00Cobham Warns on 2016 Profit, Sees Tough 2017
02/15/201721:44:00Boeing Workers In South Carolina Vote Against Joining Union
02/15/201717:18:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/14/201718:16:32Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/14/201711:31:00Boeing Media Advisory: Boeing 787-10 Dreamliner Debut
02/14/201710:25:24Statement of Ownership (sc 13g)
02/14/201708:11:09Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
02/13/201717:09:12Amended Statement of Ownership (sc 13g/a)
02/13/201716:24:48Annual Statement of Changes in Beneficial Ownership (5)
02/13/201714:39:35Amended Statement of Ownership (sc 13g/a)

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