By: Vivek Raghuvanshi
NEW DELHI — India's Defence Acquisition Council, headed by Defence Minister Manohar Parrikar, has cleared the purchase from the US of 145 M777 ultralight howitzers through the Foreign Military Sales (FMS) route.
A senior Ministry of Defense (MoD) official, who spoke on condition of anonymity, said that following intense negotiations with the US subsidiary of BAE Systems, a price has been settled on and offset problems related to the acquisition of the howitzers have been resolved.
The BAE subsidiary, which is the original equipment manufacturer, has agreed to all MoD conditions without increasing the price, the MoD official said, adding that now the case will be put up before the Cabinet Committee on Security for final clearance, followed by the official awarding of the contract.
Read the full story at DefenseNews