The first shipment of two million barrels of American crude oil costing $100 million will reach India in the last week of September, opening a new chapter in trade between India and the U.S. This consignment is a fraction of India's $70 billion oil import bill for 2016-17. Given the...
India’s Defense Acquisition Council Approves P-8I Maritime Patrol Aircraft
The Indian Defense Acquisition Council has approved 4 additional Boeing P-8I long-range maritime patrol aircraft for $762 million for the Indian Navy. This order supplements the existing fleet of 8 such aircraft, reports Defense World. A variant of the Poseidon operated by the U.S. Navy, the P-8I is designed...
Boeing may add $1 billion to P-8i order
Indian media is reporting Boeing may have won an order of four addtional P-8i I Poseidon longrange maritime patrol aircraft , which will add to the eight such planes already contracted from Boeing under the $2.1-billion deal inked in January 2009. It will take this biggest-ever American win in India...