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Chinook & Apache final, signatures likely in FY14
By SP's Special Correspondent
Photo Credit: US Army
January 20, 2014: Boeing Defense is closely monitoring two major deals with the Indian Air Force that have reached finality in negotiations, though contract signature could slip into the next financial year, possibly under a new government post the national elections.
Air Force deals for 22 AH-64D Block III Apache attack helicopters and CH-47F Chinook heavy-lift helicopters are all but ready to be signed (price negotiations could be fully complete by the middle of February), though the contracting atmosphere has slowed down as a result of national election season in the country and its attendant constraints. The previous IAF Chief Air Chief Marshal N.A.K. Browne had hoped to complete the crucial acquisitions in his tenure, though delays in late 2013, including the tragic demise of MoD Acquisition Manager Arun Bal, led to a significant limbo period before things continued.
January 20, 2014: Boeing Defense is closely monitoring two major deals with the Indian Air Force that have reached finality in negotiations, though contract signature could slip into the next financial year, possibly under a new government post the national elections.
Air Force deals for 22 AH-64D Block III Apache attack helicopters and CH-47F Chinook heavy-lift helicopters are all but ready to be signed (price negotiations could be fully complete by the middle of February), though the contracting atmosphere has slowed down as a result of national election season in the country and its attendant constraints. The previous IAF Chief Air Chief Marshal N.A.K. Browne had hoped to complete the crucial acquisitions in his tenure, though delays in late 2013, including the tragic demise of MoD Acquisition Manager Arun Bal, led to a significant limbo period before things continued.
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