India Said to Buy 10 Boeing Planes in Largest U.S. Defense Deal |
| Bloomberg - Jun 6, 2011 |
India approved buying 10 Boeing Co. C-17 military cargo aircraft for $4.1 billion, its largest ever defense deal with the U.S., strengthening the country’s capability to transport troops, vehicles and artillery.
The cabinet’s committee on security headed by Prime Minister Manmohan Singh today gave its final approval for the purchase of the heavy-lift Globemaster III planes at a meeting in New Delhi, according to a defense ministry official who didn’t wish to be identified before a public announcement.
The decision comes after fighter jets manufactured by Boeing and fellow American aircraft maker Lockheed Martin Corp. in April failed to make a shortlist for India’s procurement of 126 warplanes at a cost of about $10 billion. Jets made by France’s Dassault Aviation SA and the European Aeronautic, Defence and Space Co. are now competing for the world’s biggest fighter-jet order in 15 years.
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- Posted: 2011-06-06 09:44:19
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