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INDIA AIMS TO TARGET SIGNING RAFALE FIGHTER JET DEAL BY END 2014

defIndia aims to sign the contract for the world’s biggest order of fighter jets in about two decades with Dassault Aviation SA (AM) by the end of the year, two Indian air force officials familiar with the matter said today.

 

Negotiations on technology transfer and maintenance for 126 Rafale aircraft have been completed, the officials said in New Delhi, asking not to be identified as the discussions aren’t public. Discussions on the price must still be completed, they said. The deal will probably be for more than $11 billion.

 

In 2012, the Indian government chose Dassault to supply at least 126 Rafale combat planes after initiating the purchase plan about five years earlier. Until India decided on the Rafale, Da