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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 djn.in@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Boeing (BA)
DateTimeHeadline
07/02/201505:12:55Skanska Gets $87 Million Boeing Construction Contract
07/01/201516:23:27Statement of Changes in Beneficial Ownership (4)
07/01/201512:00:00Boeing to Release Second-Quarter Results on July 22
06/30/201510:00:00Boeing, Embraer to Collaborate on ecoDemonstrator Technology...
06/30/201508:06:13Airbus Beats Boeing in Contract for South Korean Refuel Tankers--Update
06/30/201506:30:03Airbus Beats Boeing in Contract for South Korean Refuel Tankers
06/30/201506:05:15Airbus Beats Boeing in Contract for South Korean Refuel Tankers
06/28/201521:40:37U.S. Panel Aims to Shield Planes From Cyberattack
06/26/201520:32:37Boeing's Incoming CEO, Dennis Muilenburg, Is Engineer With Swagger
06/24/201518:04:08Boeing to Again Reduce Output of 747s -- Update
06/24/201515:21:15Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/24/201514:30:04Boeing to Slow Output of 747s
06/24/201514:07:09Boeing to Again Reduce Output of 747s
06/24/201509:00:03U.S. Stock Futures Fall
06/23/201522:24:32Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201522:11:13Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201520:55:16Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201519:00:00Boeing, Thai Airways International Celebrate 25th Direct 777...
06/23/201518:40:19Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201517:36:31Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update

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