IAF inks $18-bn deal for fighter jets with Dassault

French aviation firm Dassault has won the $10.4 billion deal for supplying 126 multi-role fighter aircraft to the India Air Force (IAF), a government source said on Tuesday.

French firm Dassault has won a multi-billion dollar contract to provide 126 fighter jets to the Indian military, a government source in New Delhi said on Tuesday.

French-aviation-firm-Dassault-has-won-the-10-4-billion-deal-for-supplying-126-multi-role-fighter-aircraft-to-the-India-Air-Force

Dassault will sell its Rafale multi-role jet to India after beating the Eurofighter consortium to secure the long-awaited contract, which is estimated to be worth $12 billion.

"You can take it as confirmed that Dassault has got the deal. Since there were only two companies and it has come out as the lowest bidder," a government source told AFP.

The huge deal to supply war planes to fast-developing India has been fiercely fought over for four years. India’s biggest military deal

India in April pulled a surprise by cutting out US bidders Boeing and Lockheed Martin -- much to Washington's disappointment -- as well as dropping Sweden's Saab AB and the Russian makers of the MiG 35 from the race.