Aerospace & Defense News - Defense Asia / Pacific.

 
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New York (AirGuideBusiness - Aerospace & Defense News - Defense Asia / Pacific) Apr 10, 2011

Boeing Boeing expects to finalise a deal with India for 10 C-17 strategic transports by the middle of 2011, while Delhi could buy additional C-17s and more P-8I maritime patrol aircraft based on the commercial 737. "The offsets package relating to the [C-17] deal has already been approved," Boeing Military Aircraft president Chris Chadwick told India's Economic Times newspaper. "The Indian air force has to go through numerous government gateways before a final seal of approval can be given. Defence deals of this magnitude do take some time to close, and I expect them to take a decision by mid-2011." Chadwick's remarks follow Indian media speculation that confirmation of the deal was being held up because the Indian government was reviewing its cost with the US government. During US President Barack Obama's visit to India in late 2010, the White House pegged the value of the 10 aircraft deal at $4.1 billion. Apr 4, 2011

India India's Department of Space has been losing money on the sale of data from its remote sensing satellite constellation, according to India's comptroller and auditor general. The data was seen as a revenue booster for the Indian space programme's commercial arm, Antrix, but the comptroller found that sales did not cover constellation operating costs between 2003 and 2008. The report to...

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