India to spend €950 million on missiles for Mirage 2000 : 1/4/2012

[angeldemon_007]

India on Wednesday cleared a €950-million deal to procure 500 air-to-air missiles from a French firm for the Indian Air Force’s Mirage 2000 aircraft fleet.

A Cabinet Committee on Security (CCS) meeting chaired by Prime Minister Manmohan Singh on Wednesday cleared the deal to procure 490 MICA missiles manufactured by French firm MBDA for €950 million, Defence Ministry sources said in New Delhi.

The missiles would be deployed on 51 Mirage 2000 aircraft, which are already undergoing upgrades at French facilities under a €1.47-billion deal signed earlier this year.

Under the deal, MBDA will have to do offsets worth 30 per cent of the deal meaning that they will have to invest €315 million back in the Indian defence sector.

The Defence Procurement Procedure (DPP) mandates that foreign vendors bagging deals worth over Rs. 300 crore have to invest back at least 30 per cent of the contract’s worth into Indian defence, civil aerospace and homeland security sector.

India signed a deal with French companies Thales and Dassault Aviation, which will take 10 years to carry out mid-life upgrade of IAF’s 51 Mirage 2000 fighters.

Two aircraft have already been flown to France for upgrades and the remaining would be modernised in India at Hindustan Aeronautics Limited (HAL) facilities in India.

“The cost of the contract for upgrade of the Mirage 2000 with Thales is €1,470 million while the cost of the contract with HAL is Rs. 2,020 crores (around €340 million). The upgrade of the aircraft is expected to be completed by mid-2021,” Defence Minister A.K. Antony recently informed Parliament.

The Hindu : News / National : India to spend

 

[rockstarIN]

Damn one missile cost 1.9 million euro??? AIM-120 costs $700,000 as per wiki. WTF..

 

[navtrek]

 

[heartrocker22]

Could someone tell me MoD ke pass aakhir kitna paisa hai ....kamine billion $ ke niche deal hi nahi karte

I think Kalamadi ,raja and telgi is secretly operating from prison as advisors OF MoD.. coz only few ppl in UPA are capable of handling such large sums

 

[Archie]

Could someone tell me MoD ke pass aakhir kitna paisa hai ....kamine billion $ ke niche deal hi nahi karte

I think Kalamadi ,raja and telgi is secretly operating from prison as advisors OF MoD.. coz only few ppl in UPA are capable of handling such large sums

MOD gets 20 Billion USD yr for capital acquisitions

add to that Mica IR A2A Missiles will be compatible with not only the Mirages 2000 V5 but also with upgraded Jaguar IS/IM and Future mmrca aircrafts

, Also , if we acquire Rafale , then we will have no issue with integrating this missile with Rafale coz Mica IR is currently the primary A2A missile of Rafale , before Meteor enters service

 

[Capt.Popeye]

Damn one missile cost 1.9 million euro??? AIM-120 costs $700,000 as per wiki. WTF..

Something else coming with the deal..................
BTW, MBDA is tying up with BDL for some gidgets too. Something bundled up.

 

[joekrish]

1.9 mill euro? What are they planning to give us

 

[DrSomnath999]

well mica is a twin version missile (EM & IR ) bvr missiles ,but i beleive india should have opt for meteor missiles but can it be integrated with mirage 2000 needs to be seen .YA mica is too costly

 

[IndoCarib]

from where they got this much money
?? they have money to spend on this but not to support poors and needy in their own country....what a country.

we borrowed from Swaziland !

 

[Major.]

i am sure money is being pumped for sum hidden project may be Multi function radar for ABM, AGM missile, SSN etc...who ones with dream of two front war scenario there are buying everything in the market...Or are they paying extra money for Sonia's sister....if mmrca also goes french way then France will be the most looked after strategic partner.

1. Mirage $ 2.4 B
2.Scorpene $ 3.5 Bn
3. Mica missile Almost $ 1 Bn
4. LL Radars
5. Ship design
6. Patrol vessel
7. SSN $ 11 Bn
8. Nuclear deal worth $ 20 bn
9. MMRCA $ 15 Bn

 

[RoYaL~GuJJaR]

One more Hint for.....

Btw...Good news! provide much needed teeth to our Mirages 2000

---------- Post added at 07:44 PM ---------- Previous post was at 07:42 PM ----------

from where they got this much money

Hard earned money of the people of Nation!!

?? they have money to spend on this but not to support poors and needy in their own country....what a country.

Off topic Rant! Do some search before posting BS!

 

[DrSomnath999]

from where they got this much money
?? they have money to spend on this but not to support poors and needy in their own country....what a country.

well nice sermon

 

[RoYaL~GuJJaR]

i am sure money is being pumped for sum hidden project may be Multi function radar for ABM, AGM missile, SSN etc...who ones with dream of two front war scenario there are buying everything in the market...Or are they paying extra money for Sonia's sister....if mmrca also goes french way then France will be the most looked after strategic partner.

1. Mirage $ 2.4 B
2.Scorpene $ 3.5 Bn
3. Mica missile Almost $ 1 Bn
4. LL Radars
5. Ship design
6. Patrol vessel
7. SSN $ 11 Bn
8. Nuclear deal worth $ 20 bn
9. MMRCA $ 15 Bn

Good point!

After Russia and Israel i think its France which comes 3rd in terms of defense equipment sales to India.

 

[tvsram1992]

i am sure money is being pumped for sum hidden project may be Multi function radar for ABM, AGM missile, SSN etc...who ones with dream of two front war scenario there are buying everything in the market...Or are they paying extra money for Sonia's sister....if mmrca also goes french way then France will be the most looked after strategic partner.

1. Mirage $ 2.4 B
2.Scorpene $ 3.5 Bn
3. Mica missile Almost $ 1 Bn
4. LL Radars
5. Ship design
6. Patrol vessel
7. SSN $ 11 Bn
8. Nuclear deal worth $ 20 bn
9. MMRCA $ 15 Bn

some thing seems wrong we are paying much amount than actual price for every thing

 

[OrionHunter]

from where they got this much money?? They have money to spend on this but not to support poors and needy in their own country....what a country.

I pay my taxes regularly and so do millions of Indians! Then there's corporate tax, sales tax, service tax, Central excise, wealth tax, CENVAT, customs duties, FIIs, exports, and so on! Now that runs into billions upon billions of dollars!! Plenty to go around.

And not that we're not spending on the poor. A lot of schemes are functioning and some are in the pipeline as a result of which India's poverty has declined to 32 per cent in 2009-10 from 37.2 per cent five years ago.

Cheers!