IAF to Ink Deal for 48 new Mi-17 V5 helicopters from Russia
December 2017
“Negotiations with the Indian side have been completed, and
we hope to sign the contract in 2018, ”
Russian Helicopters CEO Andrei Boginsk was quoted as saying by the state-run news agency RIA Novosti December 17. However sources told
India Strategic that signatures should be appended on the deal by both the sides in the first quarter of 2018.
The company has already delivered 151 Mi-17 V5 helicopters to India beginning with a deal for 80 machines in 2008, and then another 71 under three follow-on contracts.
The Defence Acquisition Council (DAC) of the Indian Ministry of Defence (MoD) had cleared the purchase of fifth lot of 48 of these military transport helicopters in September 2015...