Boeing Wins $2.1 Billion Order from India

Jan. 5, 2009
India is buying maritime surveillance aircraft

India has signed a $2.1 billion deal with Boeing to buy maritime surveillance aircraft for the Indian navy, officials said on Jan. 5.

The agreement to buy eight P-81 long-range reconnaissance aircraft marks India's biggest military aircraft deal with the U.S. The contract includes lifetime maintenance support and an option for the acquisition of up to eight additional P-81 aircraft.

The deal comes less than a year after India and Lockheed Martin signed an agreement worth $962 million for the purchase of six C-130 Hercules transport planes for the Indian army.

Both Lockheed and Boeing are also in the race for a $12 billion contract to sell 126 fighter jets to the Indian air force. Four other global companies from France, Russia, and the EU are in the race for the world's richest fighter jet deal in 16 years.

India last year also signed a 1.5 billion euro (US$2.2 billion) deal with France's Dassault to upgrade 51 Mirage 2000 fighter jets, which the Indian air force bought in 1985.

India, the largest buyer of armaments among emerging nations, plans to spend $30 billion until 2012 to modernize its 1.23-million-strong military, the world's fourth largest.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!