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Friday, March 11, 2011

$10 bn fighter aircraft deal may be signed before July

Air Chief Marshal P V NaikIndicating that the $10 billion multi-role combat aircraft deal is close to getting inked, Air Chief Marshal P V Naik said today that the finalists for the contest to supply 126 new fighters to the Indian Air Force would be announced by the end of this month.

He said he was “extremely hopeful” that the contract would be signed before his retirement in July.

The IAF faces a serious shortage of fighter aircraft — a bulk of the MiG series of fighters which form its backbone are set to be phased out by 2014.

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