India finalises contract with GE for 99 aircraft engines

Bangalore: The only thing left before India signs the estimated $800 million deal with GE Aviation for 99 GE-F414 engines now, is the clearance from the Cabinet Committee on Security (CCS).
The Price Negotiation Committee (PNC), which was set up late 2010 after GE had nipped Eurojet to become the lowest bidder, has recently finalised the deal after having surpassed all the hurdles before it and the file is now expected to go to the CCS anytime.
The PNC, comprising representatives from the Indian Air Force (IAF), the Navy, the Ministry of Defence (MoD), Hindustan Aeronautics Limited (HAL), Aeronautical Development Agency (ADA) and the Defence Research Development Organisation (DRDO) negotiated with GE and the US government for over 15 months before coming to a conclusion.
GE had been, in September 2010, declared the lowest bidder over Eurojet’s EJ200 to power the Mk-II version of India’s Light Combat Aircraft (LCA)—tejas–but there were a lot of issues that had to be resolved before the PNC could finalise the contract details.
11/02/12 Chethan Kumar/Deccan Herald

To Read the News in full at Source, Click the Headline

Categories: Foreign Feb 2012, Indian Aviation- In General Feb 2012, New Feb 2012