The deal for fighter jet engine technology transfer with the US is facing challenges, leading to a likely increase in cost after technical discussions with HAL. Negotiations are ongoing for over 80% technology transfer of GE414 INS6 engines, but the initial estimated price may exceed expectations, requiring internal approvals for adjustments. This overrun reflects a pattern seen in past defence deals involving technology transfer, such as the Rafale fighter jet and Scorpene submarine deals, highlighting the complexities and cost implications of such agreements.
Full Article
Loading PerspectiveSplit analysis...