US okays record $2 bn arms sale to India

The Obama administration has okayed the single largest arms transfer to India to date, telling the US Congress it has factored in “political, military, economic, human rights and arms control considerations” while approving the sale of eight Boein...

WASHINGTON: The Obama administration has okayed the single largest arms transfer to India to date, telling the US Congress it has factored in ���political, military, economic, human rights and arms control considerations��� while approving the sale of eight Boeing P-8I maritime patrol aircraft worth $2.1 billion.

The US state department formally intimated Congress to this effect in a March 12 notification, taking Indo-US military ties to a higher level, both in terms of strategic relationship and old-fashioned dollars.

The $2.1 billion India will pay for the eight P-8Is is almost double the $1 billion it spent on acquiring six Lockheed Martin C-130J Super Hercules military transport planes last year. The I in P-8I denotes India, since it is the first foreign buyer of a customized variant of the P-8A Poseidon that is still being developed for the US Navy.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › US okays record $2 bn arms sale to India
Text Size:AAA
Success
This article has been saved

*

+