×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Boeing to bid for $31 billion defence orders

Boeing to bid for $31 billion defence orders
Comment E-mail Print Share
First Published: Thu, Feb 11 2010. 10 32 PM IST
Updated: Thu, Feb 11 2010. 10 32 PM IST
Boeing Co., the second largest US defence contractor, expects to bid for $31 billion (around Rs1.4 trillion) worth of military contracts in India over 10 years as the South Asian nation upgrades its armed forces.
The company plans to compete for contracts on fighter jets, maritime patrol aircraft, helicopters and military transport planes, Dinesh Keskar, president of Boeing’s India unit, said in New Delhi on Thursday, reiterating an earlier forecast.
Boeing and larger rival Lockheed Martin Corp. made their first defence sales to India in the past two years as India and the US boost military and civil-nuclear relationships. Boeing has also bid to supply 126 fighter jets to the South Asian country in a deal that may be worth as much as $11 billion.
The plan to buy 126 jets is the biggest fighter-plane order in 15 years worldwide, Boeing has said. Boeing’s F/A-18 E/F Super Hornet is competing with Dassault Aviation SA’s Rafale, Lockheed Martin’s F-16, Russia’s MiG-35, Saab AB’s Gripen and the Eurofighter Typhoon from a joint venture of Airbus SAS, BAE Systems Plc and Italy’s Finmeccanica SpA.
The companies submitted bids in April 2008 to supply the jets as the Indian air force modernizes its predominantly Russian-made fleet.
Last year, Boeing won an order from India to supply eight P-8I long-range maritime reconnaissance aircraft.
feedback@livemint.com
Comment E-mail Print Share
First Published: Thu, Feb 11 2010. 10 32 PM IST