New Delhi, April 3 -- Hindustan Aeronautics Limited (HAL) has imposed penalties on GE Aerospace for delay in deliveries of the F404-IN20 engines for the Tejas Light Combat Aircraft Mark 1A.
According to a report by ANI citing an official statement, as well as a report by Hindustan Times citing HAL chairman and managing director DK Sunil on Thursday, the penalties were imposed due to the delay in supply of the engines.
"The contract includes a provision stating that if there is a delay in the delivery of F-404 engines for the Light Combat Aircraft, liquidated damages will be imposed on GE Aviation. So the cost is being imposed as per the contract," HAL officials said in a statement.
Speaking to ANI on Thursday, HAL CMD DK Sunil said tha...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.