India News | Govt Seals Mega Deal with Airbus for Purchase of 56 C-295 Military Transport Aircraft
Get latest articles and stories on India at LatestLY. The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
New Delhi, Sep 24 (PTI) The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back.
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"Contract signed between #MinistryOfDefence and @AirbusDefence &Space, Spain for procurement of 56 C-295 transport aircraft for the #IAF," Defence Ministry Spokesperson A Bharat Bhushan Babu tweeted.
Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months of signing the contract.
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The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said.
The C-295 MW aircraft is a transport plane of 5-10 tonne capacity.
This is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
"All 56 aircraft will be installed with indigenous electronic warfare suite," the ministry had said on September 8 after the procurement was cleared by the Cabinet Committee on Security.
The in-principle approval for the Avro replacement programme was accorded around nine years back.
A large number of detail parts, sub-assemblies and major component assemblies of aerostructure are scheduled to be manufactured in India.
The ministry had said that before completion of the deliveries, a servicing facility for C-295 MW aircraft is scheduled to be set up in India.PTI MPB
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)