India Puts Forward New Plan To Buy Helicopters After Ending Talks With Lockheed

After suspending negotiations with Lockheed Martin in April over the price of 16 naval multirole helicopters, India’s Ministry of Defence has mooted a fresh plan for acquiring 24 helicopters for about $1.87 billion.

A high-priority global tender will now be floated instead to source the 24 helicopters off the shelf to meet a pressing need within the Indian Navy, according to an MoD official.

Negotiations with Lockheed were terminated following expiry of the price bid in March, and subsequently the tender was withdrawn in April, he said. Read More…

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