Report: Negotiations to Start on $2.4 India Boeing Helicopter Sale

A senior India military official has told the Wall Street Journal the country has chosen to purchase two types of Boeing-made (NYSE: BA) helicopters with negotiations set to start soon.

Santanu Choudhury reports the contracts to purchase the Chinooks and Apaches could be worth up to $2.4 billion, with the Chinook sale worth $1 billion and the Apache sale worth $1.4 billion.

That unidentified official also told the Journal the country chose the Chinook over Russia-based MiL Moscow Helicopter Plant’s Mi-26 and chose the Apache over the Mi-28.

Russia’s embassy in New Delhi has not yet received official confirmation the Indian government chose Boeing’s helicopters and a Russian official told the Journal Moscow believes India could reconsider its decision to buy the Chinook.

Commercial negotiations could take between three and six months to wrap up, the report said.

India plans to buy Chinook CH-47F helicopters and 22 AH-64D Block III Apache helicopters, the Journal reports.

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