The Defence Ministry will sign a $2.5-billion deal with Airbus in the next few months for the purchase of 56 C-295 transport aircraft for the Indian Air Force.
The long pending deal for the twin turboprop transport aircraft will bring much-needed relief not only for European aerospace giant Airbus, which has seen its campaigns for lucrative defence contracts in India fail over the last few years, but also for the Indian Air Force and the domestic defence industry. Read More…
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