Search This Blog

Tuesday, November 08, 2011

India fighter contract 'may top $20bn'

RafaleIndia's Medium Multi-Role Combat Aircraft procurement may be worth up to $20bn, almost double the $11bn initial estimates of the deal's value, it has been reported.

The revised costs were suggested to the Financial Times by an official in India's defence ministry, who said that the previous estimate was based on prices in 2007, when bids to produce the 126 aircraft were first invited.

Jon Louth, deputy head of the Defence Industries and Society programme at RUSI, said he suspected there hadn't been a "firm handle on the unit cost" for "quite a while".

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.