18 April 2016

News Story: India To Pay $8.8 Billion for Rafale Fighter Jets

NEW DELHI — India has agreed to pay $8.8 billion to France's Dassault for 36 fighter jets, reports said Friday, as sources from both countries hinted a long-delayed deal to purchase the aircraft was imminent.

The purchase of the Rafale jets, first mooted in 2012 and signed off in January, has faced stumbling blocks over the price tag throughout.

"The negotiations are in the final stages but nothing has been concluded so far," an Indian defense official said.

Read the full story at DefenseNews