Boeing preferred bidder in second India helicopter deal - source
NEW DELHI (Reuters) - India has chosen Boeing Corp (BA.N) as the preferred bidder to supply 15 heavy lift helicopters for its Air Force, a Defence Ministry source said on Monday, potentially the second major Indian contract this year for the Seattle-based firm.
Boeing's Chinook twin rotor helicopters emerged as the lowest bidder and will now hold exclusive negotiations with the ministry, the source told Reuters, speaking on condition of anonymity.
"Depending on how things progress, the final announcement will take three to six months," said the source, who did not give details of the value of the deal.
In Indian defence deals, exclusive talks are not a guarantee of sale.
Earlier this year Boeing's Apache was chosen as the preferred bidder for a deal to provide 22 heavy combat helicopters to India. It was up against Russian Mi-28.
Sections of the media have reported the heavy lift helicopter deal to be valued at $1 billion, and the combat helicopter deal at $1.4 billion.
The Chinook's competitor in the Indian bid was the Russian Mil Moscow Helicopter Plant's Mi-26.
Boeing is also supplying P-8 maritime surveillance planes and C-17 cargo aircraft to the world's largest arms importer.
India has been a big buyer of Soviet Union weaponry and still relies on Russia for 60 percent of its arms purchases, but has diversified its suppliers in recent years. Israel is now the No. 2 seller, with countries like the United States and France also increasing their presence. (Reporting by Arup Roychoudhury; editing by Patrick Graham)
- Tweet this
- Share this
- Digg this
- UPDATE 8-Dallas Ebola patient vomited outside apartment on way to hospital
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle
- Putin says Russia wants to move to national currencies in trade
- China tells foreign countries not to meddle in Hong Kong
BACK IN JAIL
Subrata Roy, the jailed chief of India's Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months as he tried to negotiate the sale of his luxury hotels, a jail official said. Full Article
Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle. Full Article
Diageo bars United Breweries from appointing independent director at United Spirits. Full Article