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Monday, August 20, 2012

''India and Russia going to sign biggest-ever defence deal worth $ 35 billion''

From Stratrisks

''India’s quest for a futuristic stealth fifth-generation fighter, which will see the country spend around $35 billion over the next 20 years in its biggest-ever defence project, has zoomed into the decisive phase now.

India and Russia are getting all set to ink the full and final design or R&D phase contract for the 5th Gen fighter by this year-end or early-2013, say sources. It will again underline India’s firm rejection of the US offer of its Joint Strike Fighter (JSF) or the F-35 ‘Lightning-II’.''

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