EDSâs Indian subsidiary, MphasiS, has reached a deal to purchase the India-based IT services and solutions unit of American International Group (AIG). Financial terms were not disclosed.
The U.S. government estimates that a foreign military sale of 31 MQ-9B unmanned aerial vehicles and associated equipment to India would cost $3.07 billion. The Indian defense ministry on Sunday disclosed the estimated cost, saying the agency plans to compare the amount with the “best price” manufacturer General Atomics offered to other foreign buyers and
Lockheed Martin (NYSE: LMT) will continue to help the Indian air force maintain Super Hercules tactical airlifters under a five-year, $328.8 million direct commercial sale contract. The follow-on agreement includes program management, engineering and logistics support, contractor furnished equipment, software and publication services necessary to address C-130J fleet sustainment requirements in India, Lockheed said Tuesday.
Boeing (NYSE: BA) has received U.S. approval to propose its F-15EX fighter jet to India’s air force, which intends to purchase 114 multirole aircraft in a deal that could be valued at more than $18 billion, Reuters reported Thursday. Ankur Kanaglekar, director and India fighters lead at Boeing’s defense, space and security business, said the
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