India signs contract for 80 MI-17's with Russia
India and Russia have today signed a contract for supply of 80 MI-17V-5 medium lift helicopters for the Indian Air Force (IAF).
Valued at USD 1.6bn deal had been clinched just before Russian President Dmitriy Medvedev's state visit to INdia during a meeting of the High Level Monitoring Committee headed by Defence Secretary Vijay Singh and Russian Federal Service for Military Technical Cooperation Director Mikhail Dmitriev here on Tuesday.
The Cabinet Committee on Security too had given its go-ahead to acquisition of the helicopters at its meeting on Wednesday.
The helicopter contract was signed by Defence Ministry's Director General (Acquisitions) Sashi Kant Sharma and Rosoboronexport Director General A P Isaykin after the officials talks between Prime Minister Manmohan Singh and Medvedev.
India signs contracts for 80 MI-17 choppers with Russia | India Defence