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:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“The foot of the heavenly ladder, which we have got to mount in order to reach the higher regions, has to be fixed firmly in every-day life, so that everybody may be able to climb up it along with us. When people then find that they have got climbed up higher and higher into a marvelous, magical world, they will feel that that realm, too, belongs to their ordinary, every-day life, and is, merely, the wonderful and most glorious part thereof.”
—E.T.A.W. (Ernst Theodor Amadeus Wilhelm)