India Orders 8 Boeing Military Planes In $2.1 Billion Deal

The Indian government Monday said it has signed a $2.1 billion deal with Boeing Co. (BA) for the supply of eight P-8I maritime patrol aircraft in its latest move to modernize its mainly Soviet-vintage armed forces.

The agreement for the P-8I, which is the proposed Indian variant of the U.S. Navy's long-range maritime P-8A aircraft, will boost the South Asian nation's ability to monitor its 7,600 kilometer coastline. The plane can also conduct both surface and antisubmarine warfare.

"Though we have signed a deal, final clearance is still required from a U.S. authority," Indian Navy spokesman Commander Nirad Sinha told Dow Jones Newswires.

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