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Tuesday, July 08, 2014

India close to finalizing Apache and Chinook chopper deals worth over $2.5 billion

AH-64D Apache LongbowIndia is now close to inking major deals worth over $2.5 billion for two iconic American helicopters, the Apache attack and Chinook heavy-lift choppers, which thrashed their Russian rivals both technically and commercially earlier.

Defence ministry sources on Monday said the around $1.4 billion deal for 22 AH-64D Apache Longbow gunships, armed with deadly Hellfire and Stinger missiles, and the $1.1 billion one for 15 CH-47F Chinooks, equipped with powerful contra-rotating tandem rotors, are "almost ready" now.

"These two deals for IAF will be placed for approval before the first defence acquisitions council (DAC) meeting to be chaired by Arun Jaitley on July 19. Thereafter, the cases will be moved for the cabinet committee on security's final nod," said a source.

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