India clears purchase of six Boeing helicopters in $650 million deal

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Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon

NEW DELHI – India on Thursday cleared the purchase of six more Boeing Co (BA.N) Apache helicopters in a deal worth close to 42 billion rupees ($654.6 million), a defence ministry official said.

The order follows India’s purchase of 22 Apache and Chinook helicopters from Boeing in 2015.

Thursday’s deal, approved by the government’s Defence Acquisition Council, includes the helicopters and associated equipment, spares, training, weapons and ammunition.

The Defence Acquisition Council, chaired by the defence minister, also cleared an order for gas turbine engines – worth an estimated 4.9 billion rupees – for two ships currently under construction in Russia, the official said, speaking on the condition of anonymity.

Reporting by Nigam Prusty and Tommy Wilkes; Editing by Sanjeev Miglani and Adrian Croft

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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