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Latest Indian, French warplane deal runs into problems: sources
http://news.yahoo.com/latest-indian-french-warplane-deal-runs-problems-sources-120828211--finance.htmlLatest Indian, French warplane deal runs into problems: sources
Reuters
By Sanjeev Miglani 22 hours ago
NEW DELHI (Reuters) - India's order of 36 French-made Rafale fighter jets has run into trouble with government officials struggling to agree sales terms, sources said, four months after Prime Minister Narendra Modi intervened to break a logjam in previous commercial negotiations.
Two senior Indian defense officials told Reuters that both sides were wrangling over the unit price of the aircraft and a condition that planemaker Dassault Aviation invest a big percentage of the value of the multi-billion dollar contract in India.
The problems threaten to further delay the modernization of India's aging air force.
Military officials have warned of a major capability gap opening up with rivals China and Pakistan without new Western warplanes or if local defense contractors cannot build what the military needs in a timely manner.
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This is the Lockheed Martin model - throw some bidness their way.
