Tag: French

Rafale wins MMRCA: The Cost

A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.

Mirage jets to get new missiles in $1.23 bn deal

French firm MBDA will supply 450 MICA interception and aerial combat missiles as part of the second phase of plans for upgrading the Mirage fleet of the Indian Air Force (IAF). India had last July signed a $2.4 billion deal with French defense firms Thales and Dassault for upgrading the Mirages.