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India sending more jobs to US; signs $962 million aircraft deal with US firm

by "GeekBoy" <abuse@[EMAIL PROTECTED] > Mar 17, 2008 at 09:37 AM

NEW DELHI: India plans to buy six Hercules trans****t planes from Lockheed 
Martin for nearly $1 billion, marking the country's biggest ever military 
aircraft deal with the United States, officials said on Monday.

"The government has signed a letter of offer and acceptance with the US 
government for the procurement of six C-130J-30 (Hercules) trans****t 
aircraft for the Indian air force," Defence Minister A K Antony said in a 
statement.

The estimated value of the aircraft along with ground-sup****t equipment
and 
spares was around 962 million dollars, Antony said.

"Delivery of these aircraft is likely to be completed by December 2011," 
Antony added.

More than 2,300 C-130s have been sold to 67 countries since 1954. The
Indian 
deal involves an upgraded version of the Hercules, which began production
in 
1997, the company said.

The US-based Lockheed is also in the race for a $12 billion contract to
sell 
126 fighter jets to the Indian air force.

The Hercules contract is the largest ever awarded to a US company by
India, 
New Delhi officials said.

The contract includes lifetime maintenance sup****t guarantees for the 
four-engined turboprop aircraft, which will be used as the main tactical 
plane for special operations.

Lockheed Martin has offered to configure the 30-metre-long (99-foot)
planes 
according to India's needs and equip them with missile and radar warning 
systems, military officials said.

The technology-starved Indian air force operates Soviet-era 10- and
40-tonne 
capacity trans****t aircraft and officials said the Hercules, which can
haul 
20 tonnes, would be able to "fill the gap."

The Hercules, which can be used on humanitarian missions, is part of a
2004 
multi-billion-dollar Indian programme to create world-standard special 
forces units.

The announcement came two months after India handed a 1.5-billion euro
(2.2 
billion dollar) deal to France's Dassault to upgrade 51 Mirage-2000
fighter 
jets, which the Indian air force bought in 1985.

Ties with India's main arms supplier Russia, which accounts for 70 per
cent 
of the country's military inventory, now face rough weather over delays in

deliveries and pricing.

India, the largest buyer of armaments among emerging nations, plans to
spend 
$ 30 billion until 2012 to modernise its 1.23-million-strong military, the

world's fourth largest.

http://economictimes.indiatimes.com/Airlines__Aviation/India_signs_962_million_aircraft_deal_with_US_firm/articleshow/2875103.cms
 




 3 Posts in Topic:
India sending more jobs to US; signs $962 million aircraft deal
"GeekBoy" <a  2008-03-17 09:37:49 
Re: India sending more jobs to US; signs $962 million aircraft d
Father <father@[EMAIL   2008-03-17 08:10:22 
Re: India sending more jobs to US; signs $962 million aircraft d
"GeekBoy" <a  2008-03-17 10:25:41 

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tan12V112 Tue Oct 7 9:12:22 CDT 2008.