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Thursday, July 09, 2015

Panel finishes talks to buy 4 more P-8I aircraft

P-8I NeptuneTalks between the Navy and Boeing for four additional P-8I maritime surveillance aircraft are at an advanced stage with the Cost Negotiating Committee (CNC) having recently completed the negotiations. The Navy already has eight aircraft on order.

Ministry sources told The Hindu that cost negotiations have been completed recently and the file would soon be sent to the Defence Ministry's finance wing.

From the finance wing, the file will go to the Finance Ministry before being put up for final approval before the Cabinet Committee on Security headed by the Prime Minister.In 2009, India signed a contract for eight P-8Is in a deal worth $ 2.2 billion from Boeing under a direct commercial deal with an optional clause for four more.

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