Boeing outlines offset commitment on Indian P-8I programme
07 May 2021
by Jon Grevatt
Boeing has confirmed that its anticipated sale of additional Boeing P-8I Neptune maritime multimission aircraft (MMA) to India will be accompanied by an offset obligation worth 30% of the value of the sale.
The P-8I sale was announced by the US Defense Security Cooperation Agency (DSCA) in late April. The deal, which has been approved by the US State Department and will proceed through the US government’s Foreign Military Sale (FMS) mechanism, covers six aircraft, equipment, spares, and support for an estimated USD2.42 billion.
The US Defense Security Cooperation Agency (DSCA) announced in late April the US approval of the sale of six P-8I aircraft to India for an estimated USD2.42 billion. (Boeing)
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Express News Service
NEW DELHI: The newly inducted Rafale fighter jets flew into a fresh storm with a French online journal claiming that manufacturer Dassault Aviation paid 1 million euro to an Indian middleman as gift after the Rs 58,000 crore government-to-government deal in 2016 for 36 jets for the Indian Air Force.
The suspect payment was detected by French anti-corruption agency, Agence Française Anticorruption (AFA), during audit, revealed Mediapart.
It identified the recipient as Defsys Solutions, a group run by a Gupta family, including Sushen Gupta, who has been under investigation over his role in the AgustaWestland VVIP chopper scam.
The report kicked up a political storm with Congress demanding a thorough probe and the BJP rejecting charges of corruption as completely baseless.