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Tuesday, July 26, 2011

Biggest deal: IAF may buy 189 jets for $20bn

Su-27SKThe "mother" could well become the "granny" of all defence deals in the years ahead.

India is likely to go in for another 63 fighters after delivery of the first 126 MMRCA (medium multi-role combat aircraft) if the "timelines" for its other fighter development projects are not met, say top defence officials.

When the MMRCA selection process was initiated by the defence ministry in mid-2007, the overall project cost was pegged at Rs 42,000 crore, or $10.4 billion for 126 fighters.

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