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Tuesday, January 29, 2008

India to offer one-bln-dollar aircraft deal to Lockheed Martin

India is set to award a one-billion dollar contract to Lockheed Martin for six Hercules transport planes in the biggest military aircraft deal with the US in five decades, an official said Monday.

A formal contract is likely to be issued next month to US-based Lockheed which is also in the race for a 10-billion dollar contract to sell 126 fighter jets to the Indian air force, a defence ministry official said.

"The reserved RFP (request for proposal) will be issued anytime now," a top ministry source told AFP on condition that he was not identified by name or rank.

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