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

India to float $2 bn military helicopter tender

India to float $2 bn military helicopter tender
Comment E-mail Print Share
First Published: Fri, Apr 11 2008. 10 17 AM IST
Updated: Fri, Apr 11 2008. 10 17 AM IST
AFP
New Delhi: India will soon invite bids to supply its armed forces with 384 helicopters in a deal valued at approximately $2 billion, defence ministry officials told AFP.
“The Defence Acquisition Council has given a go-ahead to the government to invite a request for proposals from global firms for 384 helicopters,” an official from the policy-making agency said.
In December, India scrapped a $600 million deal for 197 helicopters with Eurocopter, the helicopter unit of the European Aeronautic Defence and Space Company (EADS), after problems with the contract.
Two months later, the air force added its requirement of 115 helicopters to the 197 units the army wanted, pushing the value of the deal to one billion dollars and the number of aircraft to 312.
“The requirements have now been altered and the tenders will be for 384 units,” said the defence official, who asked not to be named.
Comment E-mail Print Share
First Published: Fri, Apr 11 2008. 10 17 AM IST