Thursday, August 29, 2013

Breaking - Basant Aerospace gets RAC MiG Contract

Neelam Mathews
Aug 29, 2013

RAC MiG and Delhi-based Basant Aerospace have signed at MAKS 2013, two deals worth $55 million for maintenance and support for India’s MiG-29UPG fleet as part of RACs offset commitments.

The deal is part of RAC MiG’s $300 million offset obligation under the 2008 MiG-29 upgrade contract
Under the first contract, valued at $43 million a facility will be set up provide repairs for the Phazotron Zhuk-ME radar and electronic systems on IAFs fleet of some 60 upgraded MiG-29UPGs. The second contract for $12million will repair equipment for the MiG - 29 UPG type aircraft.

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