India approves Neptune procurement

India’s Ministry of Defense approved the procurement of 10 more Boeing P-8I Neptune long-range maritime multi-mission aircraft for the Indian Navy for a total of $3 billion.

The proposed P-8Is are expected to supplement 12 similar platforms, eight of which were ordered in 2009 for $2.1 billion and delivered by 2015.

The other four were ordered in 2016 for $1.1 billion and are scheduled for delivery from 2021. The actual contract is scheduled to be signed early next year.

First, the deal will have to be cleared by the Defense Acquisition Council, which is headed by defense minister Rajnath Singh and includes the three chiefs and the defense secretary, and then, by the Cabinet Committee on Security, which is headed by Prime Minister Narendra Modi and includes the finance, defense, home and external affairs ministers.