Satyam Signs Multiyear Contract with Hawker Beechcraft Corporation
HYDERABAD - Satyam Computer Services, Ltd. (NYSE:SAY), a leading global consulting and information technology services company, announced today that it has signed a multiyear, multi-disciplinary service agreement with Hawker Beechcraft Corporation. The contract calls for Satyam to provide high-end design, computer-aided engineering (CAE), analysis, product lifecycle management, and other services for the worlds leading 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 Satyam's world-class aerospace engineering competency and global delivery framework. The infusion of Satyam experts will also provide HBC with greater flexibility, and enable the organization to streamline its engineering operations and respond more quickly to business opportunities. To manage the project, Satyam 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.
"We are pleased to have Satyam handle these critical projects, and to leverage its program management and global delivery capabilities," said Randy Nelson, senior vice president, Product Development and Engineering. "We are well aware of Satyam's superior track record in our industrya competence it demonstrated in a recent pilot project at HBC. We look forward to having Satyams professionals supplement our own expertise, which will help HBC achieve our business goals."
"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 Satyam'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."
About Hawker Beechcraft Corporation
Hawker Beechcraft Corporation is the world's leading business, special-mission and trainer aircraft manufacturer designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company's headquarters and major facilities are located in Wichita, Kansas, with operations in Salina, Kansas; Little Rock, Arkansas; and Chester, England, U.K. The company leads the industry with a global network of over 100 factory-owned and authorized service centers.
About Satyam Computer Services
Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services company, provides a comprehensive scope of services to help customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Nearly 40,000* highly skilled Satyam professionals work onsite, offsite, offshore, and nearshore to provide customized business solutions for companies in several industries. Satyams ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam has Development Centers in the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, India, China, Japan, and Australia. These centers serve 558* global companies, of which 163* are Fortune Global 500 and Fortune US 500 corporations. Satyam's presence spans 55 countries, across six continents.
*As of March 31, 2007