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Thursday, July 09, 2015

Boeing gives India 3 more months to seal defence chopper deal

AH-64E ApacheUS aviation major Boeing Company has accepted India’s request to maintain its quotation price for Apache and Chinook helicopters at $2.5 billion (Rs 15,000 crore) for another three months. The price quoted by the American major had expired on June 30, 2015.

Sources told FE: “A decision is expected soon, hence, the company was requested to extend the price deadline for at least three months. So far, the price deadline has been extended at least 10 times since 2013 for 22 Apache AH-64E Apache and 15 Chinook CH-47F.”

Boeing had extended the validity of the price quoted by them for another three months in April hoping to wrap up the deal soon. The MoD had in March sought extension of the validity period on its expiry on March 31.

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