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As part of Prime Minister Narendra Modi’s plan to bolster the nation’s military posture, India is to acquire 22 Boeing AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy lift helicopters for the Indian Air Force (IAF), valued at $2.5 billion.
Approval stage ::
Officials in the know said the attack helicopter (Apache) and the heavy lift helicopter (Chinook) are currently in the Government approval stage.
“The Ministry of Finance and Cabinet Committee on Security needs to approve...before contracts are signed. All other steps are done,” officials said.
Sources pointed out that India’s defence acquisition process mandates that all contracts that are in excess of $50 million require 30% offsets. Way back in 2013, Boeing had signed a memorandum of understanding with Dynamatic Technologies of Bangalore, to manufacture the aft pylon and cargo ramp assemblies for the Chinook. Sources indicated that Boeing had done this in anticipation of the IAF order.
Approval stage ::
Officials in the know said the attack helicopter (Apache) and the heavy lift helicopter (Chinook) are currently in the Government approval stage.
“The Ministry of Finance and Cabinet Committee on Security needs to approve...before contracts are signed. All other steps are done,” officials said.
Sources pointed out that India’s defence acquisition process mandates that all contracts that are in excess of $50 million require 30% offsets. Way back in 2013, Boeing had signed a memorandum of understanding with Dynamatic Technologies of Bangalore, to manufacture the aft pylon and cargo ramp assemblies for the Chinook. Sources indicated that Boeing had done this in anticipation of the IAF order.