Saturday, April 18, 2015

Fighter jet makers see opportunity post India's downsized Dassault Rafale deal

India's move to buy only 36 Dassault Rafale combat jets has signalled New Delhi's decision to scale back purchases of high-end fighters from France.

And foreign combat jet makers now see a multi-billion dollar opportunity in India's move to slash purchases of high-end aircraft, as it could free up cash for any future purchase of fighter jets, including mid-range planes.

Sweden's Saab and America's Lockheed Martin are set to re-pitch their Gripen and F-16 fighters as the kind of lighter, single-engine aircraft that Defence Minister Manohar Parrikar has said the Indian Air Force needed to rebuild its fleet, Reuters reported.

Saab was proposing to establish "fully-fledged production" of the Gripen in India alongside a local partner.
17/04/15 M Rochan/International Business Times
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