US firm Sikorsky top contender for $17-bn order from India
P P Thimmaya: Bangalore, Feb 08 2013, 01:04 IST
Sikorsky, the US-headquartered manufacturer of helicopters, is likely to get orders worth $15-17 billion from the Indian defence forces, with demand primarily coming in from the Navy and the Coast Guard. The Indian Navy and Coast Guard have lined up ambitious plans of increasing their capabilities through buying helicopters, with the number likely to exceed 150. Sikorsky, being one of the major players, has emerged as a strong contender for these deals.
AVM Walia, regional executive, India & South Asia, Sikorsky, said the opportunity of $15-17 billion could soon go up to $25 billion. The tenders placed by the Indian Navy and Coast Guard are in various stages of negotiations.
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