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Monday, November 21, 2011

Decks cleared for Rs 5000 crore IAF deal for missiles, trainer jets

Pilatus PC-7 of the Royal Netherlands Air ForceAll decks have been cleared for two crucial defence deals, together worth over Rs 5,000 crore, to acquire 75 Swiss turbo-prop aircraft to train rookie pilots as well as around 450 advanced French missiles to arm upgraded Mirage-2000 multi-role fighters.

Defence ministry sources say the two deals have now been "sent" to the Cabinet Committee on Security for the "final nod" after "clarifying all objections" of finance ministry. "The contracts will be inked after the CCS clears within a week or so," said a source.

This comes at a time when MoD and IAF are busy calculating the "lowest bidder" between French Rafale and Eurofighter Typhoon for the mega medium multi-role combat aircraft project to acquire 126 fighters at a cost likely to touch $20 billion.

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