MMRCA Deal By March 2014: IAF Deputy Chief

[araz]

I heard that the deal is unlikely to be signed in this financial year as no allocation has been made for the acquisition.
Araz

 

[RPK]

I heard that the deal is unlikely to be signed in this financial year as no allocation has been made for the acquisition.
Araz

March 2014 is end of our financial year

 

[kaykay]

I heard that the deal is unlikely to be signed in this financial year as no allocation has been made for the acquisition.
Araz

In India financial year means from 1st april- to 31st march and its most likely to be signed by then.

 

[Abingdonboy]

March 2014 is end of our financial year

It will be signed THIS fiscal ie BEFORE March 31st 2014.

 

[RPK]

It will be signed THIS fiscal ie BEFORE March 31st 2014.

I know but funds will be allotted after March 31st

 

[Abingdonboy]

I know but funds will be allotted after March 31st

More than likely, the first payment won't be paid on the day, I think the first payment will be around $2BN USD, this can be paid in the months/weeks after the deal has been inked but that is merely a trivial detail.

 

[IND151]

Awesome news

Livefist: MMRCA Deal By March 2014: IAF Deputy Chief

 

[Storm Force]

This means the first rafale squadron will be formed summer of 2017......

License production won't start until early 2019. Ie 54 months.