Monday, February 12, 2007

As the largest global aircraft manufacturer by revenue and the second-largest defense contractor in the world, Boeing is seeking to make inroads into what is seen by many as the fastest growing aviation marketplace in the world.
Boeing is negotiating a $600 million deal with India's air force helicopter fleet that includes the sale of 12 Chinook CH-47 military transport helicopters, along with support and training, reported the Associated Press.
"We have held unofficial meetings with the Indian air force officials, but haven't got anything in writing," Dean Millsap said. Millsap is the Asia Pacific director of Boeing Integrated Business Development.
Millsap said the company expects the Indian government to ask it for a formal proposal in the second quarter of 2007.
At an Aero India press conference, Tom Cunningham, director for international business development at Boeing Integrated Defence Systems, said the company would take 24-30 months for delivery of the helicopter after getting request for proposal. He hoped that the India Air Force would make a decision in this regard in the next quarter.
The $600 million project will include the cost of the aircraft, support systems, logistics and training programs, Millsap said. "The cost of the aircraft itself is about 18 to 20 percent of the total project cost."
11/02/07 India Defence

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