India-US Ink $1 Billion Deal to Buy Four Poseidon-8I Aircraft [ Current Affairs ]
India has signed a defence deal with United States worth over $1 billion to purchase four additional Poseidon-8I (P8I) long-range maritime surveillance and anti-submarine warfare aircraft.
- This deal is a follow-up order to the eight P-81 aircrafts that are already bought by India in a direct deal with Boeing’s Indian subsidiary in 2009.
- Purchase of additional four P-8I aircraft will give the Indian Navy much-needed punch to build up its naval surveillance capabilities.
- The planes will provide strategic blue water and littoral undersea warfare capabilities as well as armed intelligence, surveillance and reconnaissance to the navy, the defence sources added.
About Poseidon-8I (P8I) aircraft
- The P-8I is a long-range anti-submarine warfare, anti-surface warfare, intelligence, surveillance, and reconnaissance aircraft.
- India on Wednesday signed an over USD 1 billion deal with American defence and aerospace major Boeing for procuring four additional ‘Poseidon-8I’ long-range maritime surveillance and anti-submarine warfare aircraft.
- The contract is a follow-on order to eight P-81 planes already bought by India in a direct deal with the firm worth USD 2.1 billion, defence sources said.
- The contract was inked during the ongoing visit of US Under Secretary for Defence on Acquisition Frank Kendall, and is seen as a sign of growing Indo-US defence ties, they said.
- India had last year signed a USD 3 billion contract with the US through Foreign Military Sales route for 22 Apache and 15 Chinook helicopters.
- With today’s deal, the total value of defence deals signed with the US in the last one decade comes to around USD 15 billion.
- Indian Navy has been using the P-8I to keep watch over the Indian Ocean. The P-8I fleet of Indian Navy is based at naval air station Rajali in Arakkonam, Tamil Nadu.
- Published on: August 1, 2016