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MoD inks Rs 21k cr deal with Airbus for 56 IAF planes

MoD inks Rs 21k cr deal with Airbus for 56 IAF planes

The Union defence ministry on Friday inked the over Rs 21,000 crore (around $3 billion) contract with Airbus Defence and Space (Spain) to acquire 56 C-295 medium transport aircraft to replace the old Avro planes of the IAF. Airbus will deliver 16 of the twin-turboprop C-295MW aircraft in a flyaway condition within two years, with the remaining 40 being manufactured in India by the Tata Consortium under a joint industrial partnership within 10 years.

from Times of India

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