India orders four more maritime spy planes from Boeing worth $1 billion

Reuters News
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Posted: Jul 27, 2016 6:26 AM

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)