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:
“The earlier works of a man of genius are always preferred to the newer ones, in order to prove that he is going down instead of up.”
—Victor Hugo (1802–1885)
“In Russia there is an emigration of intelligence: émigrés cross the frontier in order to read and to write good books. But in doing so they contribute to making their fatherland, abandoned by spirit, into the gaping jaws of Asia that would like to swallow our little Europe.”
—Friedrich Nietzsche (1844–1900)