The $22 billion fighter aircraft deal between India and Dassault is close to being inked, Indian Air Force Chief (IAF) Arup Raha said Wednesday.
Raha said a deadline for finalization of the deal had not been set but added "it`s going to happen soon". He also said that the air force cannot afford any more hold ups of the 2012 deal to supply 126 French-made Rafale fighters.
"It will not be appropriate to make any changes in the process," he was quoted as saying by local media. "The current government has set the pace of work and things are moving fast enough on the fighter deal."
Dassault won the MMRCA deal to supply 126 fighters to India in 2012 after lodging a lower bid than Eurofighter for a tender with an estimated value of $12 billion.
Meanwhile, India has finally sealed a work share agreement with the French-firm Dassault Aviation for building 70 per cent of the Rafale fighters domestically, according to New Delhi Television.
India will acquire 18 of the 126 Rafale fighter jets it is buying from France in "fly away" condition, and the rest will be manufactured by the local firm Hindustan Aeronautics Limited (HAL).
India many consider downsizing the Rafale fighter order from 126 to 80 following concerns over cost escalation, Indian media reports. The DNA newspaper quoted an unnamed IAF officer saying, “Hindustan Aeronautics (HAL) has asked France to re-consider the price
Dassault is preparing to recieve a contract for 72 Rafale jets from Qatar marking its first export order. According to a French government official, a contract would probably come in two batches of 36 aircraft
Since June 2, four Rafale fighters of the French air forces 3/30 “Lorraine” squadron have deployed at Jodhpur air base, in India, to take part in the bilateral “Garuda” exercise. This is the fifth time the two countries hold this exercise, which will end on June 13
Ahead of the conclusion of the financial negotiations in the MMRCA deal, Dassault has pulled out all stops in raising its sales pitch to the Indian government. Showcasing its full might, the Rafale is participating for the first time in the Garuda V exercises against the Indian Air Forces Su-30s
The Rafale fighter detachment stationed at the tactical air base in Malbork, Poland was relieved by Mirage 2000 fighters, according to the French Air Force. The relief force consists of two Mirage 2000-5 from Luxeuil Air Base and two Mirage 2000Cs from Orange air base
An Indian delegation is currently in Paris to iron out differences between Indian and French positions concerning the potential sale of 126 Dassault Rafale fighters to the Indian Air Force. The Indian Secretary of Defense Radha Krishna Mathur and a senior from Hindustan Aeronautics Limited (HAL) reached France on Monday for two days meeting to meet with their French counterparts
India wants closure on the MMRCA deal to buy 126 Dassault Rafale fighters before Prime Minister Narendra Modi visits France and Germany in April. The deal is struck over price and performance guarantee issues which the Indian MOD claims is not in compliance with the original Request for Proposals (RFP) based on which the French company was selected as the lowest bidder
In his first meeting with his French counterpart Jean-Yves Le Drian, Indian Defense Minister Manohar Parrikar raised the MMRCA deal with Dassault and said it would be "resolved in a fast-tracked manner". This is the second visit to India by the French defense minister in the past six months and the first since Manohar Parrikar became the defense minister
Indian Defense Research and Development Organization (DRDO) has developed new autopilot systems for the aging Avro aircraft after a supplier left the Indian Air Force unable to service the aircraft. The autopilot system will enable the plane to fly a specific route without human interference
Dassault Systems announced the launch of “Engineered to Fly” digital continuity from design engineering to manufacturing solution for small and medium sized aerospace and defense suppliers during its annual 3D Experience Forum, North America Wednesday. Aerospace and defense suppliers today face significant pressure to improve gross margins, revenues and market share
The Indian MMRCA deal with Dassault is expected to be concluded by the end of this fiscal year, according to Dassault Aviation CEO Eric Trappier. The final phase of exclusive negotiations on the contract, estimated at $15 billion, should conclude within India's current budget year ending in March 2015, Trappier told reporters in Paris, according to local media
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