Wednesday, 19 January 2022

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VOL. 40, No 1, 07/01/2022

India levies penalties on MBDA for offset delays, negotiates engine co-production with “big French company”

The Indian Defence Ministry has imposed a fine of nearly €1m ($1.1m) on MBDA for delays in fulfilling offset obligations under the Rafale aircraft deal. The fine comes after India and France agreed to jointly manufacture aero engines under the Strategic Partnership Model.

 

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