India wants 110 fighter jets; Boeing sees a 2 yr wait before deal is done
The tender for 110 combat aircraft mandates building at least 85% of the order locally Current Affairs News : It could be another two years before India picks the winner of the world’s biggest combat aircraft order, according to a senior Boeing Co. executive. Boeing is well placed in the race to supply the Indian Air Force with 110 fighter jets, Gene Cunningham, Boeing vice president of global defense sales, told Bloomberg News on Sunday on the sidelines of a security forum in Singapore. The company is a finalist in a separate competition to supply the Indian navy with 57 fighter jets. “We have gotten to know Indian industry, understand the Indian process,” Cunningham said. The tender for 110 combat aircraft mandates building at least 85 per cent of the order locally. The deal is likely to be at least $15 billion. Boeing said in April that it would partner with state-run Hindustan Aeronautics Ltd. and Mahindra Defense Systems Ltd. to manufacture the F/A-18 Supe