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Journalism of Courage
The largest-ever defence deal with the US to purchase C 17 Globemaster III heavy transport aircraft is set to be cleared by the end of this month with the defence ministry working to push through the deal in the current financial year.
The deal for 10 heavy lift aircraft,which was one of the key announcements made during President Barack Obamas visit last year,is by far the largest defence deal between the two countries.
While it is in the final stages of getting cleared by the Cabinet committee on security,the government is working to resolve differences over the cost,which was put by Washington at $4.1 billion. The IAF did not expect the aircraft to cost over $3 billion.
Though the defence ministry is keen to push it through in the current financial year,there has been an objection from the Finance Ministry that is currently being resolved.
