NEW DELHI (Reuters) - India has signed a pact with Boeing Co for purchasing four maritime spy planes at an estimated $1 billion, defense and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean.
India has already deployed eight of these long-range P-8I aircraft to track submarine movements in the Indian Ocean and on Wednesday exercised an option for more planes, a defense ministry source said.
"It has been signed," the source familiar with the matter told Reuters. An industry source confirmed the contract, saying it was a follow-on order signed in New Delhi early on Wednesday.
(Reporting by Sanjeev Miglani; Editing by Malini Menon)