Saturday, June 30, 2007

India Clears Biggest Fighter Jet Contract in 15 Years

India's government will soon invite bids to supply 126 fighter jets, valued by Lockheed Martin Corp. at about $9 billion, the biggest contract for combat planes in 15 years.

The government will build the majority of the jets in India through transfer of technology and buy the remainder from the U.S., Russian and European companies competing for the contract, the defense ministry said in an e-mailed statement. The defense ministry today cleared the procedure for purchasing the fighter jets for the Indian Air Force, the world's fourth-biggest...

Full Story | Digg Story

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