Satyam Signs Multiyear Contract with Hawker Beechcraft Corporation

Satyam Computer Services Ltd on May 21, 2007 has announced that it has signed a multiyear, multi-disciplinary service agreement with Hawker Beechcraft Corporation (HBC). The contract calls for the Company to provide high-end design, computer-aided engineering (CAE), analysis, product lifecycle management, and other services for the world's reading business, special mission, and trainer aircraft manufacturer. The arrangement will enable HBC to fulfill orders more quickly, and within appropriated budgets, while maintaining exacting quality standards.

Throughout the engagement, HBC will leverage the Company's world-class aerospace engineering competency and global delivery framework. The infusion of the Company experts will also provide HBC with greeter flexibility, and enable the organization to streamline its engineering operations and respond more quickly to business opportunities. To manage the project, the Company will establish an offshore development center with about 40 professionals dedicated to HBC projects. Within a year, that number will increase to 100 or so.

"Hawker Beechcraft is recognized as an extraordinary jet manufacturer, and we are delighted to begin a mutually successful, long-term partnership," said Subu D Subramanian, director and senior vice president of the Company's Manufacturing, Automotive, and Aerospace and Defense Practice. "Global organizations are increasingly adopting global models, and relying on robust and comprehensive engineering solutions, such as those Satyam will provide for HBC. As a result, HBC will be able to increase its focus on providing superior aviation products and services for its clients."

Source : Equity Bulls

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