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India, France Sign $8.7 Bln Contract on Delivery of 36 Rafale Jets

Sputnik International

France and India signed a contract on the delivery of 36 French-made Rafale fighter jets, Indian media reported on Friday. 23.09.2016, Sputnik International

2016-09-23T07:19+0000

2016-09-23T07:41+0000

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India, France Sign $8.7 Bln Contract on Delivery of 36 Rafale Jets

07:19 GMT 23.09.2016 (Updated: 07:41 GMT 23.09.2016)

France and India signed a contract on the delivery of 36 French-made Rafale fighter jets, Indian media reported on Friday.

French navy soldiers prepare French Rafale jet fighters on the flight deck of the French Charles-de-Gaulle aircraft carrier on November 22, 2015 in the eastern Mediterranean Sea - Sputnik International

Asia

India Ready to Sign Rafale Contract With France for Reduced Price of Some $8Bln

8 September 2016, 08:59 GMT

NEW DELHI (Sputnik) — The French and Indian defense ministers signed a 7.8 billion euro ($8.7 billion) contract on the delivery of 36 French-made Rafale fighter jets, Indian media reported on Friday.

The signing ceremony between Indian Defense Minister Manohar Parrikar and French counterpart Jean-Yves Le Drian was broadcast by NDTV.

India and France signed the deal in January 2016, however negotiations on pricing have protracted. The French company Dassault Aviation initially sought 10.5 billion euros ($11.7 billion), however in May the price was lowered to 7.8 billion euros.