Our Bureau
09:45 AM, April 29, 2016
IAF To Get $24M Worth Hardware For Russian-made Aircraft In 2016-17

Russia’s Technodinamika Holding aerospace firm said Thursday that it will deliver 1.6 billion rubles ($24.7 million) worth of hardware for Russian-made aircraft in service with the Indian Air Force in 2016-2017.

"The Technodinamika holding company won tenders in 2015 for the supply of components in the amount of 1.6 billion rubles in 2016-2017 to the Indian Air Force. The company has already started the delivery of the components within these agreements," the company’s press service said Thursday, Sputnik reported.

Technodinamika, part of the state technologies corporation Rostec, registered its service center in India last year. India has signed 44 defense contracts valued at $5.8 billion last year to procure military hardware, according to its defense ministry.

The Indian military employs over 900 Russian warplanes, including the MiG-21 Fishbed supersonic jet fighters, the MiG-29 Fulcrum twin-engine jet fighters with its carrier-based version, the Su-30MKI Flanker-H air superiority fighters, as well as transport and refueling planes.