Monday, February 27, 2012

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Defence Min okays $1.5-bn aircraft deal for Navy

Monday, February 27, 2012
New Delhi: To boost maritime surveillance capabilities of the Navy, the Defence Ministry has approved the proposal to procure nine medium range reconnaissance aircraft expected to cost over $1.5 billion.
The approval for procuring the advanced medium range maritime reconnaissance (MRMR) aircraft was granted by the Defence Acquisition Council (DAC) on Friday, Ministry officials said here today.
The nine MRMR planes will be in addition to the 12 American-origin P-8I long-range (LRMR) aircraft already being acquired by Navy at a $3.1 billion price tag.
Several global aviation majors including American Lockheed Martin, Swedish SAAB, French Dassault Aviation, Brazilian Embraer and European EADS are in contention for this big contract.
27/02/12 Press Trust of India/Business Standard
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