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Thursday, May 19, 2011

India set to sign $2.4bn Mirage deal with France

Mirage 2000 (IAF)Faced with a dual threat from China and Pakistan, which have even come together to manufacture fighter jets, India is really cranking up military aviation contracts.

Even as the $4.1 billion deal for 10 American C-17 Globemaster-III strategic airlift aircraft awaits the final nod from the Cabinet Committee on Security (CCS), another major contract is now headed that way.

Defence ministry sources on Wednesday said the long-awaited deal with France for the upgrade of 52 Mirage-2000 multi-role fighters in IAF's combat fleet is "finally ready" at a cost of almost Rs 11,000 crore ($2.4 billion).

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