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India's biggest planes deal in two decades

India's biggest planes deal in two decadesIndia has signed €7.8 billion deal for 36 Rafale fighter jets from France, Reuters.

The contract was signed on Friday and is reported to be India's first major acquisition of fighter planes for two decades.

The Defence Minister of France Jean-Yves Le Drian and the Defence Minister of India Manohar Parrikar signed the agreement in New Delhi, ending almost 18 months of discussion over financial terms between New Delhi and the jet's manufacturer "Dassault Aviation".

India's Defence Ministry said it would confirm the exact price later on Friday, but officials predominantly reported it would be close to €7.8 billion.
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