DTN News - INDIA DEFENSE NEWS: India Set To Finalise Fighter Jets Deal
*Link for This article compiled by Roger Smith from reliable sources India Today
(NSI News Source Info) KOTTAKKAL, Kerala, India - October 25, 2011: In a crucial milestone for India's "mother of all deals" - its prolonged $12-billion effort to acquire 126 fighter jets - the Defence Ministry will open the commercial bids of the two finalists on November 4 at South Block.
France's Dassault Aviation and the European EADS were informed this week that their representatives would be required to be present when their bids (for the Rafale and Eurofighter Typhoon respectively) are opened by a Contract Negotiation Committee (CNC).
Representatives of both firms will need to authenticate the confidential sealed envelopes containing their bids, before they are opened for the final comparison.
Following procedure, the final bids will be compared to a benchmark price - a reasonable, acceptable price for the contract - before adjudging the lowest bidder from the two. For both companies, the stakes are enormously high.
At $12-billion, and the near certainty that the final contract will be for a significantly larger sum, the IAF's MMRCA is quite simply the largest active acquisition of aircraft in recent memory, and one that both final contenders have invested millions in pitching for.
The Eurofighter Typhoon and Rafale are by far the costliest jets in the reckoning, and with both fighting a two-horse race to the finish line, India will be committed to spending a colossal sum of money on the acquisition.
In April this year, as earlier reported by Headlines Today, four other contenders were eliminated from the competition in a shock setback for the companies involved.
Those who were dropped from the reckoning included Sweden's Saab (Gripen), US firms Boeing and Lockheed-Martin with the F/A-18 Super Hornet and F-16 Super Viper respectively, and India's largest defence supplier Russia with its MiG-35.
Interestingly, the four eliminated companies remain in India, firm in the belief that the cost of their rivals in the finals make this make-or-break situation swing either way.
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The deal is worth $12 billion.
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