Israel's IAI on verge of winning $900m deal for six refuelling aircraft for IAF: Reports
Israel Aerospace Industries (IAI) is expected to secure a $905.7 million contract to convert six Boeing 767 jets into refuelling tankers for the Indian Air Force. The project includes a significant 'Make-in-India' component involving Hindustan Aeronautics Limited.
Why it matters
The deal strengthens defense ties between India and Israel while modernizing the Indian Air Force's strategic aerial capabilities.
NEW DELHI: Israel Aerospace Industries (IAI) is on the verge of winning a massive $905.7 million (approx Rs 8,000 crore) deal to convert six Boeing 767 passenger jets into refuelling tankers for the Indian Air Force (IAF), according to Israel media reports.Israel govt-owned IAI is a major aerospace and aviation manufacturer in the world that produces aerial and astronautic systems for both military and civilian usage. It has emerged as the sole qualifying bidder after rival proposals from Russian and European firms failed to meet evaluation criteria, as per the reports.If it wins the bidding, IAI will purchase six Boeing 767 aircraft for the purpose, with a commitment that at least 30% of the work on the refuelling tanker project will be done in India under the Make-in-India initiative.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in