Emerging Markets, Geopolitics, Stocks

Moscow And Delhi To Invest $8 Billion In 5th Generation Fighters

fighter jet

The Indian Air Force (IAF) and Russian aircraft manufacturer Sukhoi have agreed to develop an Indo-Russian fifth generation fighter aircraft (FGFA). Negotiators made a breakthrough last month deciding to lower investment cost to $4 billion for each country.

The deal opens the prospect of producing 250 FGFAs to replace the multirole Sukhoi-30MKI fighter, according to the source in India’s Ministry of Defence as quoted by Business Standard.

The 2008 deal is projected to cost each country $6 billion, adjusted for inflation. India’s state-owned Hindustan Aeronautics and Russia’s Sukhoi have agreed to cut costs by 40 percent to $4 billion each over seven years.

The countries will invest $1 billion in the first year and another $500 million in each of the following six years.


Courtesy of RT

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