India wants to buy 6 Airborne Early Warning & Control aircraft and the tender will be closed in July. Boeing (BA) is the only manufacturer that has a suitable aircraft 'on the shelve', but Airbus is lurking in the background again. Airbus might enter another market niche where Boeing traditionally is the leader.
India has a yearly defense budget of $46B and holds the 8th position of largest defense budgets in the world. Since a lot of aircraft and helicopters in their inventory are older, a modernization program has started to upgrade existing air assets and acquire new types.
This program will probably offer the largest foreign military export opportunities for U.S. and European aerospace companies in this decade.
15/04/14 Seeking Alpha
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India has a yearly defense budget of $46B and holds the 8th position of largest defense budgets in the world. Since a lot of aircraft and helicopters in their inventory are older, a modernization program has started to upgrade existing air assets and acquire new types.
This program will probably offer the largest foreign military export opportunities for U.S. and European aerospace companies in this decade.
15/04/14 Seeking Alpha
