Wednesday, September 23, 2015

India clears Boeing helicopter deal

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22nd September 2015 - 18:12

by Neelam Mathews in Delhi 
India clears Boeing helicopter deal
India has cleared the procurement of 22 AH-64E Apache attack helicopters and 15 CH-47F Chinookheavy lifters for the Indian Air Force. 
The country’s Cabinet Committee of Security (CCS) approved the deal on the eve of Prime Minister Narendra Modi’s second visit to the US on 24 September and a contract is expected to be signed by November. 
In June, India and the US signed a strategic ten-year defence framework pact envisaging joint development and manufacture of defence equipment and technology, including jet engines, and aircraft carrier design and construction.
The $1.4 billion AH-64E proposal for India includes both a direct commercial sale (DCS) and a Foreign Military Sales (FMS) component.
The FMS contract includes 50 In 2013, Boeing signed a MoU with..............Bangalore-based Dynamatic Technologies to manufacture aft pylon and .......Read more of Shephardmedia (Subscription)

1 comment:

  1. Dear Ms. Mathews,

    As a retail shareholder of Dynamatic, I expected last afternoon that the stock would pop after the announcement of this deal became public. However, I do not see any such activity in Dynamatic at all. Am I missing something? Why is a Tier-1 supplier to Boeing not popping up in the exchanges after such a huge announcement? Thanks in advance.