12:00 AM, October 2, 2010
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The Price Negotiating Committee for the Alternate Engine for LCA Mk-2 has finalised the Comparative Statement of Tenders. The committee Chaired by Dr Prahlada, DS & CCR&D (Ae&SI) had its representatives from Ministry of Defence, Defence Finance, ADA, DRDO, HAL, Indian Air Force, and Indian Navy. After evaluation and acceptance of the Technical offer provided by both Eurojet and GE Aviation, the commercial quotes were compared in detail and GE Aviation was declared as the lowest bidder. Further price negotiations and contract finalization will follow.
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