Defence Ministry Jacked Up Prices Of Spanish Plane To Make US Aircraft Look Cheaper: CAG

The Comptroller and Auditor General (CAG) today said that the defence ministry inflated a bid from a Spanish company to make a rival US-made anti-submarine aircraft look cheaper.

Raising serious questions over the $2.1 billion purchase of eight P-8I Poseidon Long Range Maritime Patrol from the US in 2009 in its report tabled before Parliament today, the CAG said a $641.26 million offset agreement concluded in 2009 had not yet been fufilled.

The P8-I, a militarised version of the Boeing 737 commercial jet, is the mainstay of the Indian Navys long-range maritime patrol fleet. It can carry sonabuoys to detect, track and destroy submarines and air-to-surface missiles to target warships.

Twelve P8-Is are in service and four more are on order with the navy eventually hoping to field a fleet of 24 such aircraft over the next decade. Read More

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