Annual Report PDF - Black Sun Plc

Directors’ Report: Business ReviewKey home markets in detail continuedIndiaMarket contextIndia’s 2009 defenceexpenditure was $29bn(£19bn) and is in futureexpected to grow in linewith the country’s economy.Our positionIndia is BAE Systems’ newest home market, building on theGroup’s long-standing relationship with Hindustan AeronauticsLimited (HAL) and Rolls-Royce, supplying 66 Hawk AdvancedJet Trainer (AJT) aircraft to the Indian Air Force. BAE Systemsalso has a 40% interest in BAeHAL Software Limited, a jointventure with HAL, specialising in aerospace software andengineering services. In 2010, the Group secured a new orderwith HAL for a further 57 Hawk aircraft, and established a landsystems joint venture with Mahindra & Mahindra Limited,Defence Land Systems India Private Limited, which iscurrently developing and marketing several vehicles with thesupport of BAE Systems’ businesses across the world.Land systems joint ventureThis year, the Group established a land systemsjoint venture with Mahindra & Mahindra Limited,which is currently marketing several vehicles,including the MPVi shown, with the support ofBAE Systems’ businesses across the world.30 www.baesystems.com