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Monday, May 16, 2011

Order for India's C-17 Globemaster to be cleared this month

C-17 Globemaster IIIThe much-awaited order for the American C-17 Globemaster heavy-lift transport aircraft for the Indian Air Force will be cleared this month. The IAF's order for 10 aircraft is expected to cost some Rs. 18,000 crore (roughly $4 billion).

The Ministry of Defence has given the go-ahead for the purchase of these aircraft from the U.S. through the Foreign Military Sales (government-to-government) route.

Sources in the government told The Hindu that the Defence Ministry had forwarded the file to the Ministry of Finance before it was taken to the Cabinet Committee on Security for final approval. The deal was expected to be cleared “within this month.”

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