India is being offered blueprints to advanced combat aircraft by the world's aerospace companies, a move unthinkable even a decade ago, as New Delhi gets ready to place another multibillion-dollar air force order.
India's aging military jet fleet desperately needs an upgrade, which analysts say may spur it to place an order worth more than $10 billion in the next year. Hoping for an edge, and encouraged by a recent law that allows 100% foreign ownership of local defense firms, jet-fighter makers such as Lockheed Martin Corp., Boeing Co. and Saab AB are rushing in with offers to set up production lines to India.
Efforts to give India unprecedented access to jet fighter know-how illustrate the country's rising importance to the West as China's power increases, analysts say.
India, until a decade ago, was trying stubbornly to build its own jets, after the U.S. and Japan imposed sanctions following its nuclear tests in 1998, which broke U.S. nonproliferation laws and sparked tensions with Pakistan. U.S. companies were blocked from giving India the technology it needed.
Relations between India and the U.S. have improved since, as both share a goal to contain China's military. India has struck deals with the U.S. to buy everything from Apache helicopters to transport planes and artillery, lifting the country to India's second-biggest defense trading partner behind Russia.
24/09/16 Daniel Stacey/Market Watch
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India's aging military jet fleet desperately needs an upgrade, which analysts say may spur it to place an order worth more than $10 billion in the next year. Hoping for an edge, and encouraged by a recent law that allows 100% foreign ownership of local defense firms, jet-fighter makers such as Lockheed Martin Corp., Boeing Co. and Saab AB are rushing in with offers to set up production lines to India.
Efforts to give India unprecedented access to jet fighter know-how illustrate the country's rising importance to the West as China's power increases, analysts say.
India, until a decade ago, was trying stubbornly to build its own jets, after the U.S. and Japan imposed sanctions following its nuclear tests in 1998, which broke U.S. nonproliferation laws and sparked tensions with Pakistan. U.S. companies were blocked from giving India the technology it needed.
Relations between India and the U.S. have improved since, as both share a goal to contain China's military. India has struck deals with the U.S. to buy everything from Apache helicopters to transport planes and artillery, lifting the country to India's second-biggest defense trading partner behind Russia.
24/09/16 Daniel Stacey/Market Watch
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