Posted by- Neelam Mathews
April 30, 2012
Letters of Offer and Acceptance (LOA) have been signed with the Government of the United States (USG) for the procurement of C-17 Globemaster aircraft as well as six C-130J aircraft along with associated equipment for the Indian Air Force (IAF) The estimated cost of the procurement of the C-17 aircraft is US $ 4.116 billion while the cost of the procurement of the C-130-J 30 aircraft is US $962.4 million, says defense minister AK Antony in parliament.
The cost of an aircraft depends on its specifications, configurations and equipment on-board. The cost at which the aircraft is being supplied to India is commensurate with the cost at which C-17 aircraft is supplied to the United States Air Force and its allies.
All ten C-17 aircraft and their associated equipment are expected to be delivered to the IAF between June 2013 and June 2015.
The induction of the C-130 J30 aircraft commenced in February 2011 and five aircraft have been inducted into the IAF so far. The sixth aircraft is planned for induction by end of December 2011.