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:
“In our science and philosophy, even, there is commonly no true and absolute account of things. The spirit of sect and bigotry has planted its hoof amid the stars. You have only to discuss the problem, whether the stars are inhabited or not, in order to discover it.”
—Henry David Thoreau (1817–1862)
“Undoubtedly we have not questions to ask which are unanswerable. We must trust the perfection of the creation so far, as to believe that whatever curiosity the order of things has awakened in our minds, the order of things can satisfy. Every man’s condition is a solution in hieroglyphic to those inquiries he would put. He acts it as life, before he apprehends it as truth.”
—Ralph Waldo Emerson (1803–1882)