Indian MRCA Competition - Order Value

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:

    Children need people in order to become human.... It is primarily through observing, playing, and working with others older and younger than himself that a child discovers both what he can do and who he can become—that he develops both his ability and his identity.... Hence to relegate children to a world of their own is to deprive them of their humanity, and ourselves as well.
    Urie Bronfenbrenner (b. 1917)

    If it were not somewhat fanciful to suppose that every human excellence is presented, as it were, in one kind of being, we might believe that the whole treasure of morality and order is enshrined in the female character.
    Karl Wilhelm Von Humboldt (1767–1835)