Tuesday, September 22, 2015

Govt clears multi-billion dollar deal for military choppers

New Delhi: Ahead of Prime Minister Narendra Modi's visit to the US, the Cabinet Committee on Security (CCS) on Tuesday cleared a multi-billion dollar deal for 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing.
"The deal for Apache and Chinook (helicopters) has been cleared," government sources said.
The CCS met after a Cabinet meeting, they said. Many in the defence sector had expected the deal, valued to be over USD 2.5 billion and pending since 2013 following finalisation of cost negotiations, to be signed during the visit of US Defence Secretary Ashton Carter in June this year.

The deal for Apache is "a hybrid one", with one contract to be signed with Boeing for the helicopter and the other with the US government for its weapons, radars and electronic warfare suites.
The US has been pushing for this contract as it will further bolster American presence in the burgeoning defence market of India.
22/09/15 PTI/India Today
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