BAE Systems signs Indian Hawk jet deal
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Thursday, July 29, 2010
Defence group BAE Systems and engine supplier Rolls-Royce have signed a £700m deal to supply India's Hindustan Aeronautics with 57 Hawk training jets.
Over £500m will go to BAE and £200m to Rolls-Royce in the deal that should create about 200 jobs in the UK. The jets will be used to train pilots in the Indian air force.
The deal was announced to coincide with British Prime Minister David Cameron's visit to India, designed to strengthen relations and boost trade.
Cameron, who is on his first visit to India since taking office in May, leads a delegation including six ministers and more than 30 senior executives from top UK firms, to show that Britain is serious about boosting economic exchanges with the Asian giant.