Deals
Boeing Joins Saab in Race for World's Biggest Fighter Jet Deal
- Boeing, with HAL and Mahindra, offers to build F-18 locally
- Saab, Lockheed already announced local partners for the deal
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Boeing Co. proposed to build fighter jets in India along with two local firms, as the U.S. giant prepares to bid for the world’s biggest combat aircraft order, joining the likes of Lockheed Martin Corp. and Saab AB.
Boeing will partner state-run Hindustan Aeronautics Ltd. and Mahindra Defense Systems to manufacture the F/A-18 Super Hornet in India at a new facility, which can also be used for other requirements, it said in an emailed statement. An Indian tender for 110 combat aircraft announced last week mandates building at least 85 percent of the order locally. The deal is likely to be at least $15 billion.