Hindustan Aeronautics Limited would start delivering the trainer aircraft three years from the date of the deal signing. The deal was signed a day after Prime Minister Narendra Modi unveiled the Hindustan Turbo Trainer-40
newsable.asianetnews.com
In a significant development, the Indian Air Force and state-owned aircraft maker Hindustan Aeronautics Limited on Thursday inked a pact to procure 70 India-made HTT-40 trainer aircraft worth Rs 6,800 crore.
The deal was signed a day after Prime Minister Narendra Modi unveiled the Hindustan Turbo Trainer-40 during the 12th edition of DefExpo, which is underway at Gandhinagar in Gujarat.
Also Read: DefExpo 2022: Airbus gets the nod to build 40 C295 aircraft in India
An official told Asianet News that HAL would start delivering the trainer jets three years from the date of the deal signing. The new trainer aircraft would be fitted with a Turbo(prop) engine, which will be acquired from the US-based Honeywell Aerospace, which has over 60 per cent of indigenous content.
At Gandhinagar, 451 agreements and product launches took place during the Bandhan ceremony held on Thursday. Of these, there were 345 Memorandums of Understanding, 42 major announcements, 46 product launches and 18 Transfers of Technologies. It envisages investment worth Rs 1.5 lakh crore.
(More at link)
=======================