Order Value
The order is for 126 aircraft with the option to buy another 64–74 more. While there were reports of the direct order being increased to 200, or split between two vendors, Former Chief of Air Staff of the IAF, Air Marshal S.P. Tyagi stated during Aero India 2007 that the number would remain the same, and would be sourced from a single vendor. The first squadron would be directly supplied by the vendor, while the rest would be manufactured under license in India by HAL. He stated however, that as the bidding progressed, this could change.
The Government of India has sanctioned approximately 37,000 crore (US$6.7 billion), with reports that another US$2 billion might be added to this. This is indicative of the high importance of the order to the respective vendors. The total value of purchasing the aircraft is expected to be USD 20 billion, with options for purchasing more aircraft.
Read more about this topic: Indian MRCA Competition
Famous quotes containing the word order:
“To compose our character is our duty, not to compose books, and to win, not battles and provinces, but order and tranquillity in our conduct.”
—Michel de Montaigne (1533–1592)
“Remember, a woman has to work harder than a man and have more patience in order to achieve success.”
—Margaret Mary Morgan, U.S. suffragist, print shop owner, and politician. As quoted in Dianne Feinstein, ch. 5, by Jerry Roberts (1994)