Boeing eyeing over 30 pc share in Indian defence market

Vying for various military contracts from the country, global aviation major Boeing on Sunday said it was eyeing an over 30 per cent share in the $100 billion Indian defence market in the next 10 years.

Vying for various military contracts from the country, global aviation major Boeing on Sunday said it was eyeing an over 30 per cent share in the $100 billion Indian defence market in the next 10 years.

HT Image

"Looking at the growing Indian defence market, Boeing currently sees a 10-year business potential of $31 billion for our company, which includes potential sales of fighter aircraft, maritime patrol aircraft, helicopters and strategic lift aircraft," Boeing Integrated Defense System India head Vivek Lall said.

Boeing's offerings to Indian defence forces include its F/A-18 E/F Super Hornet fighters, Chinook heavy-lift choppers, Apache AH-64D attack helicopters and C-17 strategic lift aircraft.

"These are all products that dovetail with India's current defence requirements and which Boeing believes it can contribute in a positive way to the India's defence modernisation drive," he added.

After the American companies also started to be considered for defence procurements in India, Boeing has been able to sell eight P-8I maritime reconnaissance and anti-submarine warfare aircraft for the Indian navy.

The deal worth $2.1 billion was signed on January 1 this year.