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Декабрь
2024

Deal for jet engine technology transfer with US runs into rough weather

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The fighter jet engine technology transfer deal between India and the US is encountering issues, likely increasing costs following technical discussions with HAL. The deal involves transferring over 80% of GE414 INS6 engine technology, with the setup of a production line in India. Initial estimates might surpass $1 billion, necessitating defence ministry approvals.