MoU12 Aug 2025, 03:16 pm
PTC Industries and Kineco Aerospace & Defence Announce Strategic MoU for Aerospace Components and Structures
AI Summary
PTC Industries Limited and Kineco Aerospace & Defence have signed a Memorandum of Understanding (MoU) to jointly develop and manufacture value-added aerospace components and structural assemblies. This strategic collaboration brings together PTC's expertise in high-integrity castings and exotic materials like titanium and superalloys and Kineco’s proven capabilities in lightweight composite structures for aerospace and defence applications. The partnership aims to create a next-generation ecosystem for indigenous aerospace manufacturing, support India’s growing ambitions in civil aviation, air defence, and space sectors, and accelerate indigenisation.
Key Highlights
- Co-development of hybrid aero structures combining composites and metallics
- Localization of critical aerospace components, including flight-critical parts
- Joint participation in global RFQs, especially for civil and defence programs
- Advanced R&D and technology transfer in collaboration with DRDO and other stakeholders
- Expected to accelerate indigenisation and create value-added jobs and IP within India’s aerospace ecosystem