Business Standard
Monday, Feb 13, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

India inks $2.1-bn deal to buy 8 naval patrol aircraft
BS Reporter / New Delhi Jan 06, 2009, 00:37 IST

Rather than taking the US up on its offer of chartering two P-3C Orion reconnaissance aircraft, eight of which have been sold to Pakistan, India today closed a deal with US aircraft manufacturer Boeing to buy eight naval patrol aircraft. The P-81 long-range maritime reconnaissance (LRMR) aircraft will cost $2.1 billion and will arrive in four years.

The absence of effective maritime reconnaissance has been cited as one reason for the ease with which the Mumbai terrorist attacks were mounted. Although negotiations to buy naval patrol craft have been on for some years, and they will arrive in India much later, the purchase is being seen as one visible way of beefing up coastal security.

 Click here for Cloud Computing
 
The aircraft — anti-submarine and anti-surface warfare planes — will replace eight outdated Russian-made Tupolev-142M aircraft. The LRMR planes, developed on the Boeing 737 commercial aircraft, will be customised for Indian Navy’s requirement. The P-81 aircraft will have sophisticated radars that will help the Navy intensify reconnaissance, especially secret marine investigations, over a wide area of 600 nautical miles. “The deal has been signed and the delivery of the P-8I should start in four years’ time,” said Defence Ministry spokesman Sitanshu Kar.

Boeing plans to make inroads into the South Asian defence market and has already submitted bid for a contract to supply India 126 multi-role fighter jets, potentially worth more than $10 billion.

Last July, Boeing said it would bid for defence projects in India worth up to $20 billion over the next 10 years.

In addition, the Boeing P-81 long-range maritime reconnaissance (LRMR) aircraft will have Harpoon missiles, depth bombers and torpedoes.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Weekly: Uptrend continues, broader markets outperform
- CBI begins in-house probe into AI's pay-off scam
- British bankers arrested in tax probe
- DLF net debt falls, to raise Rs 6,000 cr by FY13-end
- Oil India Q3 net up 12% at Rs 1,014 cr
  Read Business news in 
- Now property search gets more exciting than ever before!
- Office 365 for professionals and small businesses.
- Are You Serious About Your Future? Click here to know more
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Budget could change provisions to tax international transactions
- Greek drama to set mkt mood
- Emaar MGF created 10 firms to usurp prime land: CBI
- Some suitors for Gujarat Gas may combine
- Want to defeat communal forces: Prithviraj Chavan
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us