Tuesday, December 11, 2012

India, Boeing haggle over aircraft deal

New Delhi: India has offered one-fourth of the price reportedly quoted by US aviation major Boeing to purchase 15 heavy-lift Chinook helicopters and 22 Apache attack helicopters for the air force.
India’s combined offer for the two deals was around Rs 5,500 crore while Boeing demanded close to Rs 20,000 crore.
“The acceptance of necessity cost for 15 heavy-lift helicopters and 22 attack helicopters is Rs 2,468.41 crore and Rs 3,094.98 crore respectively. Boeing’s Chinook-CH-47F (I) and Apache AH-64D has emerged as the L1 vendor (lowest bidder) respectively,” Defence Minister A K Antony informed the Lok Sabha on Monday.
Boeing had reportedly quoted $ 1.4 billion (Rs 7,600 crore approximately) for the Apaches and $ 2.4 billion (about Rs 13,000 core) for the Chinooks.
10/12/12 Deccan Herald
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