• Thursday, August 11, 2022

Business

Boeing joins with Mahindra to bid for India jet mega deal

By: Sarwar Alam

US giant Boeing will partner with India’s state-run Hindustan Aeronautics and Mahindra Defence Systems to build F/A-18 Super Hornet fighter jets in India, the companies said Friday. The deal comes after India said it would need 110 combat jets, worth about $15 billion, to bolster its defences. Boeing has offered to build the jets locally to comply with prime minister Narendra Modi’s “Make-in-India” campaign, which aims to cut imports and build a domestic defence industry. India, the world’s biggest arms importer, is in the midst of a multi-billion dollar upgrade of its largely elderly military equipment. “Our partnership with HAL…

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