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Thursday, December 16, 2010
Russia and India fix T-50 fighter design contract cost at $295 mln
Russia and India have agreed the estimated cost of a design contract for their joint fifth-generation fighter project at $295 million, Hindustan Aeronautics Limited (HAL) Chairman Ashok Nayak said in an interview with RIA Novosti.
"The cost of preliminary design is estimated at $295 million. The work is expected to be complete within 18 months," Nayak said.
Russia's Sukhoi holding and India's Hindustan Aeronautics Limited (HAL) agreed in early 2010 to jointly develop a fifth-generation fighter jet based on the prototype T-50 design. India confirmed that it had finalized a draft contract at a meeting with Russia in early October.
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