Boeing preferred bidder in second India helicopter deal - source

NEW DELHI Mon Nov 5, 2012 11:29pm IST

Invited guests for the world premiere of the Boeing 787 Dreamliner are reflected in the fuselage of the aircraft at the 787 assembly plant in Everett, Washington, July 8, 2007. REUTERS/Robert Sorbo/Files

Invited guests for the world premiere of the Boeing 787 Dreamliner are reflected in the fuselage of the aircraft at the 787 assembly plant in Everett, Washington, July 8, 2007.

Credit: Reuters/Robert Sorbo/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage