Israel Aerospace Industries Nears Deal for Six Refueling Jets to India
Translated & summarized from TheMarker by baba
Israel Aerospace Industries is nearing a deal to sell six aerial refueling tankers to the Indian Air Force for about $900 million. The agreement, which has been in development for over a year, includes a provision for local Indian companies to perform 30% of the conversion work.
The story in 4 lines · by baba
- Israel Aerospace Industries is close to a $900 million deal for six refueling jets to India.
- The Indian Air Force is the intended recipient of the aerial refueling tankers.
- The deal has been in negotiation for over a year.
- Local Indian companies will perform 30% of the aircraft conversion work.
Israel Aerospace Industries (IAI) is reportedly close to finalizing a major deal worth approximately $900 million to supply six aerial refueling tankers to the Indian Air Force. The agreement has been in the works for over a year, according to Indian media reports.
As part of the deal, 30% of the work to convert commercial aircraft into refueling tankers will be carried out in India by local companies. This condition was reportedly met by IAI a year ago, at which point it was said to be the sole remaining bidder in the tender process.
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