(Disclosure:I am market making in the shares of Tata Technologies)
Over the next four years, Tata Technologies plans to acquire a number of secondary and tertiary defense suppliers as part of a corporate plan to grow revenues from $500 million today to around $1 billion by 2020.
In a wide-ranging interview at the Farnborough Air Show last month, Tata Technologies CEO Warren Harris made it clear that his company is actively seeking companies it can buy up in order to grow its global footprint, specifically among those secondary and tertiary firms that make up the US defense supply chain.
Relationships between US defense primes and their suppliers “require a lot of trust,” Harris told Defense News July 14. “It’s very difficult to fast-track your way into a relationship that is predicated on a lot of trust. So we’re trying to buy into marquee relationships through targeted acquisitions.”-from Defense News