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:
“However fiercely opposed one may be to the present order, an old respect for the idea of order itself often prevents people from distinguishing between order and those who stand for order, and leads them in practise to respect individuals under the pretext of respecting order itself.”
—Antonin Artaud (1896–1948)
“Your children are not here to fill the void left by marital dissatisfaction and disengagement. They are not to be utilized as a substitute for adult-adult intimacy. They are not in this world in order to satisfy a wife’s or a husband’s need for love, closeness or a sense of worth. A child’s task is to fully develop his/her emerging self. When we place our children in the position of satisfying our needs, we rob them of their childhood.”
—Aaron Hess (20th century)