Thursday, August 15, 2013

Agusta's Indian helicopter deal set for more scrutiny

New Delhi: A report by federal auditors has criticized the Indian government for ignoring its own value-for-money defense procurement procedures in a protracted AgustaWestland helicopter deal.
India's Central Bureau of Investigation also is studying the report by the Comptroller and Auditor General, which was tabled in Parliament for further scrutiny.
The report is a further blow for beleaguered $745 million deal signed with AgustaWestland in February 2010, The Economic Times reported.
AgustaWestland is a subsidiary of the Italian state-controlled defense giant Finmeccanica.
The AW101 aircraft are being supplied by AgustaWestland's division in the United Kingdom to replace Mil Mi-8 helicopters that are near the end of their technical life.
15/08/13 UPI
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