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Saturday, July 05, 2014

Will Cost Escalation Down-Size Rafale Jet Contract?

Dassault RafaleIndia many consider downsizing the Rafale fighter order from 126 to 80 following concerns over cost escalation, Indian media reports.

The DNA newspaper quoted an unnamed IAF officer saying, “Hindustan Aeronautics (HAL) has asked France to re-consider the price. Cost escalations and disagreements over production have delayed the contract.”

The report speculated that in the absence of an agreement on price, India my cut down the order to 80 in order to save money and keep the purchase within the originally budgeted amount of US$ 12 billion.

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