India To Ink Largest-Ever Defence Deal With The US Soon

From Times Of India:

NEW DELHI: Even as tensions with Pakistan persist in the wake of 26/11, India is now poised to ink its biggest-ever defence deal with US: the
around Rs 8,500-crore contract for the supply of eight Boeing P-8I long-range maritime reconnaissance (LRMR) aircraft for the Navy.

"Virtually all the steps'' required for the contract to be signed, including tabling of it in the Cabinet Committee on Security for approval, have been completed, said sources on Friday.

The first of these LRMR aircraft will be delivered within four years of the contract being actually signed, with the rest being handed over by 2015, said sources.

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