India to procure four Poseidon-8I aircraft
India on Wednesday signed an over USD 1 billion deal with American defence and aerospace major Boeing for procuring four additional ‘Poseidon-8I’ long-range maritime surveillance and anti-submarine warfare aircraft.
By : migrator
Update: 2016-07-27 16:24 GMT
New Delhi
The contract is a follow-on order to eight P-81 planes already bought by India in a direct deal with the firm worth USD 2.1 billion, defence sources said. The contract was inked during the ongoing visit of US Under Secretary for Defence on Acquisition Frank Kendall, and is seen as a sign of growing Indo-US defence ties, they said. India had last year signed a USD 3 billion contract with the US through Foreign Military Sales route for 22 Apache and 15 Chinook helicopters.
With Wednesday’s deal, the total value of defence deals signed with the US in the last one decade comes to around USD 15 billion.
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