Firan Technology Group Corporation ("FTG") Announces Grand Opening of Its New FTG Aerospace Hyderabad Facility

Executive Summary

• Firan Technology Group Corporation (FTG) announced the grand opening of its new Aerospace facility in Hyderabad, India, marking the culmination of three years of development.
• The new facility is designed to support design and manufacturing capabilities for cockpit and avionics products, serving both commercial aerospace and defense applications.
• The expansion aims to support Western demand, access the growing Indian market in alignment with the "Make in India" policy, provide low-cost capacity to complement existing Chinese operations, and reduce exposure to restrictive trade policies.

Key Details

• Facility Location: Hyderabad, India.
• Business Segment: FTG Aerospace (design, certification, manufacturing, and in-service support for illuminated cockpit products, electronic assemblies, and avionics).
• Strategic Rationale:
  • Supporting Western country demands for cockpit and avionics products for commercial and defense applications.
  • Accessing the growing Indian aerospace and defense market.
  • Aligning with Prime Minister Modi’s “Make in India” policy.
  • Establishing new low-cost capacity to complement current operations in China.
  • Opening new global market opportunities and reducing exposure to restrictive trade policies.
• Operational Status: The facility is now open; however, the company notes that work remains to add/train staff, obtain industry certifications, secure customer approvals, and ramp production.

Notable Quotes

• “This is another exciting milestone on FTG’s path to becoming a truly global aerospace and defence electronics company,” stated Brad Bourne, President and CEO of FTG. “We believe this facility will become an important operation for FTG and we look forward to penetrating the Indian aerospace and defence market and supporting Prime Minister Modi’s “Make in India” policy. There is still lots of work ahead, including continuing to add and train staff, obtaining industry certifications and customer approvals, and ramping production. We are excited about our future in India and we can’t wait to make it another successful part of FTG.”