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Wednesday, August 29, 2007

IAF floats global tender for 126 fighter aircraft

The Indian Air Force (IAF) yesterday floated a global tender for 126 combat jets worth $10 billion in the country's biggest ever defence deal, but it could be six years before the first planes start arriving.

Eighteen of the medium multi-role combat aircraft (MMRCA) will be purchased in flyaway condition and the remaining 108 manufactured in the country under a transfer of technology (TOT) agreement with the chosen supplier.

The aircraft are envisaged to have a lifecycle of 40 years from the time of delivery.

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