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Monday, August 11, 2008

India closer to acquiring Boeing maritime aircraft

India has inched closer to acquiring the Boeing P8I maritime patrol aircraft from the US that will give it a marked edge in the Indian Ocean region, with the contract negotiating committee completing its report on price negotiations, a defence official says.

‘The report was prepared after negotiations with the company on the commercial price. The negotiations followed after Boeing won the technical bid and the trials of the product,’ the official said on condition of anonymity.

‘The contract, estimated to cost around $2.2 billion, will now go to the defence acquisition committee (DAC) and then to the cabinet committee on security (CCS).’

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