Friday, February 13, 2009

Defense: India and Russia to jointly develop $600 million military aircraft

IRNA reports India and Russia are to establish a fifty-fifty Joint Venture (JV) in the next few months to develop a multi-role transport aircraft at a cost of USD 600 million, a top Russian official said in Bangalore on Thursday.

While Bangalore-headquartered Hindustan Aeronautics Limited (HAL) would be the Indian partner, the Russian side would identify its partners, likely to be United Aircraft Corporation's (UAC's) transport and cargo divisions, in the next few weeks, PTI reported quoting President and Chairman of UAC, Alexey I Fedorov as said.

The jointly developed transport aircraft would be inducted into the Russian and Indian Air Force (IAF), he said on the sidelines of the ongoing South Asia's biggest airshow 'Aero India-2009'.
Published by Mike Hitchen, Mike Hitchen Consulting
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