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April 3, 2008 -- India's state-owned military-plane maker Hindustan Aeronautics Ltd. (HAL) is partnering with Russia's Ilyushin Design Bureau in a joint venture to develop a multi-role transport aircraft. The $600 million project, to which the two companies will contribute equally, is near completion.
The 60-tonne tactical transport aircraft, meant to serve the armed forces of the two countries, would take six-to-seven years to develop, with the components coming from Ilyushin production facilities in Russia. The aircraft is meant to be used both for transport duties and troop deployment, replacing the Indian Air Force's aging Antonov-32s even as the country also seeks transport aircraft for the U.S. In the financial year ended March 31, HAL received orders worth $5.83 billion according to the company.
Abstracted from AFX Asia
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