India, Russia close to $1.2 bln deal for 29 navy fighters

[Kshasty]

Source: RIA Novosti

Russia and India are poised to sign a $1.2 billion contract for another 29 MiG-29K fighter jets for the Indian Navy, an Indian daily reported on Monday.

According to The Times of India, a Russian team is expected in New Delhi later this week to "fine-tune the contract" now that it has received the go-ahead from the Cabinet Committee on Security (CCS), chaired by Prime Minister Manmohan Singh.

The 29 new MiG-29Ks will be in addition to 16 jets already to be delivered under a 2004 contract.

Russia's MiG aircraft maker said in early December it had delivered the first four MiG-29 Fulcrum-D carrier-based fighter jets to India.

Read more: http://en.rian.ru/business/20100118/157597280.html