India nears $2.5 billion deal for Boeing military - TopicsExpress

India nears $2.5 billion deal for Boeing military helicopters Analysts estimate that India, the worlds largest arms importer, will spend $250 billion in the next decade to upgrade its Soviet-era military equipment and narrow the gap with China, which spends $120 billion a year on defence. It has also been decided that the Indian Industry would be given the responsibility to produce nearly 400 Light Utility Helicopters (LUH) as per the requirement of the Indian Army and Air Force. New Delhi partially banned Finmeccanica AgustaWestland unit this week from bidding for future contracts.

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