December 24th, 2012
Indian Prime Minister Manmohan Singh has today signed a $3bn agreement with visiting Russian President Vladimir Putin for the purchase of 42 Sukhoi SU-30 MKI fighter jets and 71 Mi-17 V5 military helicopters.
At the end of last week Russia and India agreed to jointly develop the air-launchable version of the BrahMos cruise missile which will be fitted to Russian built Sukhoi aircraft of the Indian Air Force.
India and Russia also signed a memorandum of understanding to cooperate in satellite navigation through the Russian constellation of satellites Glonass. The signals from the Russians will be used to navigate a variety of missiles, including nuclear missiles.
Prime Minister Singh said that in addition to the 71 Mi-17 V5 helicopters ordered today there would be further orders for the same type in 2013.
Russia, India Sign Helicopter, Jet Deal | Defense News | defensenews.com