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Monday, July 13, 2015

US set to be India’s biggest arms supplier

P-8I NeptuneThe US is fast consolidating its position as India's largest arms supplier with a flurry of new defence deals and joint projects, after having inked the expansive new 10-year defence framework in June and bagging contracts worth $10 billion over the last eight years.

Sources said the Manohar Parrikar-led defence acquisitions council (DAC), in its meeting slated for Tuesday, is likely to clear the decks for acquisition of another four P-8I long-range maritime patrol aircraft for almost $1 billion.

"The contract negotiation committee (CNC) has completed its work. Now, the DAC approval is needed for the offsets deviation. The proposed contract will then go to the finance ministry for vetting before the Cabinet Committee on Security (CCS) for the final nod," said a source.

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