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India's Ministry of Defence (MoD) gave its final approval on 20 October for the procurement of 145 BAE Systems M777 155 mm/39-calibre lightweight howitzers for the Indian Army (IA) for around USD750 million under the US Foreign Military Sales programme.
India's Defence Acquisition Council (DAC), headed by defence minister Manohar Parrikar, sanctioned the purchase of towed M777 guns and Selex Laser Inertial Artillery Pointing Systems after clearing the final contract price, MoD officials said.
Pre-negotiated offset contracts worth some USD200 million were also approved.
The DAC had already approved the M777 purchase in June, but its re-endorsement became necessary following cost issues flagged by India's Ministry of Finance.
http://www.janes.com/article/64833/india-gives-final-approval-for-m777-howitzer-buy
India's Defence Acquisition Council (DAC), headed by defence minister Manohar Parrikar, sanctioned the purchase of towed M777 guns and Selex Laser Inertial Artillery Pointing Systems after clearing the final contract price, MoD officials said.
Pre-negotiated offset contracts worth some USD200 million were also approved.
The DAC had already approved the M777 purchase in June, but its re-endorsement became necessary following cost issues flagged by India's Ministry of Finance.
http://www.janes.com/article/64833/india-gives-final-approval-for-m777-howitzer-buy