(NSI News Source Info) TORONTO, Canada - July 29, 2010: DEFENCE firms BAE Systems and Rolls-Royce yesterday cashed in on a drive to boost trade links with India by sealing a £700million deal to supply Hawk jets to the Indian military.BAE signed a £500million deal to supply 40 Hawks to the country’s air force and 17 to its navy and Rolls-Royce unveiled a £200million contract to build Adour engines for the aircraft, which India will use to train pilots to fly supersonic fighter jets.
BAE announced the deal as Prime Minister David Cameron toured a Hindustan Aeronautics plant in Bangalore during a trade trip to India, one of the world’s biggest defence markets.
The Government is also planning to grant licences to civil nuclear firms to export to India, which could open up business prospects potentially worth billions of pounds for nuclear contractors such as Rolls-Royce and specialist services group Serco.
Cameron said: “This agreement will bring significant economic benefits to both our countries.”
http://defense-technologynews.blogspot.com/2010/07/dtn-news-bae-and-rolls-royce-seal-700m.html
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