Defence ministry signs Rs 13,500 cr deal with HAL for 12 Sukhoi jets

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Defence ministry signs Rs 13,500 cr deal with HAL for 12 Sukhoi jets - Business Standard

Quick Summary:

"In a major boost to the 'Aatmanirbhar Bharat' initiative of the government, a contract for procurement of 12 Su-30MKI aircraft along with associated equipment has been signed between the Ministry of Defence and the Hindustan Aeronautics Ltd today," the defence ministry said.

The Defence Ministry on Thursday inked a Rs 13,500 crore deal with state-run aerospace major Hindustan Aeronautics Ltd (HAL) to procure 12 Sukhoi jets for the Indian Air Force.

"The aircraft would have an indigenous content of 62.6 per cent, enhanced due to indigenisation of many components to be manufactured by Indian defence industry," it said.