Moscow: The Russian government has allocated an initial $64 million to part finance a joint project with India to develop a new military transport plane, a defence industry official said on Thursday.
Russia and India signed an intergovernmental agreement on the joint development of a multi-role transport aircraft (MTA) in 2007. The cost of the $600-million project is being equally shared by the two countries.
The transport plane, with a 20-tonne cargo capacity, is expected to go in service with the Russian and Indian air forces in about eight years, said Viktor Livanov, general director of the Ilyushin Design Bureau..
The Russian participants in the project include the Ilyushin Design Bureau and the Irkut Corporation, which is part of Russia's United Aircraft Corporation (UAC) created in 2006. State-owned aircraft manufacturing company Hindustan Aeronautics Limited (HAL) is representing India in the project.
23/04/09 Hindustan Times
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Friday, April 24, 2009
Russia launches military transport plane project
Friday, April 24, 2009
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