NEW DELHI: India has agreed to buy 250 to 300 advanced stealth fighter jets from Russia, Defence minister AK Antony said Thursday, announcing a deal that could be worth up to 30 billion dollars.
Antony told a press conference with his counterpart Anatoly Serdyukov that the countries had agreed that Russia would supply the Fifth Generation Fighter Aircraft (FGFA) as well as 45 transport planes.
"India will receive 250-300 most advanced FGFAs," Antony said. "These are the two major projects for the next ten years which will be a shining example of Indian-Russian cooperation."
Experts say each FGFA is worth up to 100 million dollars.
Antony told a press conference with his counterpart Anatoly Serdyukov that the countries had agreed that Russia would supply the Fifth Generation Fighter Aircraft (FGFA) as well as 45 transport planes.
"India will receive 250-300 most advanced FGFAs," Antony said. "These are the two major projects for the next ten years which will be a shining example of Indian-Russian cooperation."
Experts say each FGFA is worth up to 100 million dollars.
Russia is holding talks with Iran over compensation payments for the cancellation of a contract to supply Tehran with S-300 air defense missile systems, Rostekhnologia head Sergei Chemezov said on Thursday.
The contract to supply Iran with the missile system, one of most effective in existence, was signed at the end of 2007. Russia was to supply five divisions’ worth of S-300PMU-1 for $800 million.
Russian President Dmitry Medvedev signed an order on 22 September on compliance measures with UN sanctions against the Islamic Republic over its nuclear program, which the West believes is aimed at developing nuclear weapons. Iran denies the allegations.
Medvedev’s order banned export to Iran of armored vehicles, military aircraft, helicopters and ships.
“Talks are underway on how to compensate for Iran’s outlay,” Chemezov said.
The missile systems originally destined for Iran have been built, and could possibly be supplied to a third country, Chemezov said, with money from any sale being used to compensate Tehran.
The S-300 system is designed for defending high-value objects such as military bases and command and control centers. It can engage all kinds of aerial targets including ballistic and cruise missiles, up to a range of 150 kilometers and an altitude of 27,000 meters.
MOSCOW, October 7 (RIA Novosti)
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