A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.
Tag: Airbus
Airbus to pitch refueler at Aero India
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Airbus has pitched the aircraft for the Indian Air Force (IAF) competition for six mid-air refueling aircraft, in which it is likely to be competing with the Russian IL-78.
US tanker contest to decide IAF bids
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The Indian Air Force contest for mid-air refueling tanker aircraft will depend on how a United States Air Force competition for a massive order for 179 tankers plays out towards the end of the year.
Eurocopter sets up India subsidiary
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Eurocopter announced its wholly owned India subsidiary, Eurocopter India Private Limited on Wednesday, saying it intends to develop a countrywide MRO network. The Indian unit is Eurocopter’s 25th subsidiary and will be headquartered in New Delhi.
Israel shows off robotic ‘mule’
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Israel has developed a wheeled robot that serves as a pack animal and is designed to accompany troops on operations.
