India’s defense acquisition council has approved the country’s purchase of four new P-8I maritime surveillance planes from Boeing (NYSE: BA) under a $1 billion deal with the U.S. government, Defense News reported Wednesday.
Vivek Raghuvanshi writes that the order is part of an option clause in India’s 2009 contract to acquire eight of the Indian variant of the U.S. Navy‘s P-8A Poseidon aircraft.
The report said another deal for a potential $2.5 billion sale of 22 Apache and 15 Chinook helicopters to India is in the works after Boeing submitted the needed documentation on offset requirements.
The company also extended its price quote as it eyes future deals on additional purchases of heavy-lift and attack helicopters, a source from the Indian air force told Defense News.
Raghuvanshi reports that the source indicated the Apache and Chinook helicopters as replacements for the Russia-made Mi-26 and Mi-28 platforms.
The contracts for the P-8I and helicopters could be signed off within the next three months, the report said.