Friday, December 31, 2010

Cost To Develop Tejas Mk-2: $542-million

SOURCE LIVEFIST-The Aeronautical Development Agency (ADA), which oversees the development of India's Light Combat Aircraft Tejas programme will be sanctioned $542.44-million (Rs 2431.55-crore) to develop the Tejas Mk-2, making up Phase-III of the programme's full scale engineering development (FSED). Also, the deadline for final operational clearance for the Tejas Mk-1 is December 2012.

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