Saturday, February 10, 2007
Boeing negotiating sale of 12 Chinooks with India
NEW DELHI: Boeing Co. is negotiating the sale of 12 Chinook CH-47 military transport helicopters to Indiaââ¬â¢s air force, a senior company official said Friday.
The cost of the aircraft plus support and training programs totals about US$600 million, said Dean Millsap, the Asia Pacific director of Boeing Integrated Business Development, a division of Chicago-based Boeing.
ââ¬ÅWe have held unofficial meetings with the Indian Air Force officials, but havenââ¬â¢t got anything in writing,ââ¬Â Millsap said told reporters in Bangalore, according to Dow Jones newswires.
Millsap, speaking on the sidelines of an air show in the southern Indian city of Bangalore, said the company expects the Indian government to ask it for a formal proposal in the second quarter of 2007. Once the proposal is made, it would take 20 to 34 months for the contract to be signed - a pace dictated by Indiaââ¬â¢s defence procurement policy, he said.
ââ¬ÅHowever, we hope that the contract will be signed within 20 to 21 months,ââ¬Â he said.
The US$600 million dollar project will include the cost of the aircraft, support systems, logistics and training programs, he said.
ââ¬ÅThe cost of the aircraft itself is about 18-20 percent of the total project cost,ââ¬Â he said. The Chinook is a transport helicopter primarily used to move troops and equipment.
http://www.dailytimes.com.pk/default.asp?page=2007\02\10\story_10-2-2007_pg4_15