India and Russia are expected to sign military cooperation deals worth $4bn, according to a Russian daily.

The contracts signed between the nations include $2.35bn for refitting the long-delayed aircraft carrier Admiral Gorshkov.

The aircraft carrier, rechristened INS Vikramaditya by the Indian Navy, is scheduled to be delivered by 2013, according to RIA Novosti.

In addition, the defence deals also include a $1.2bn delivery contract for 29 MiG-29K/KUB carrier-based fighters, as well as the final agreement for the joint manufacture of fifth-generation fighters and work on a multirole transport aircraft.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The military technical cooperation contracts will be signed during Russian Prime Minister Vladimir Putin’s visit to India on 11-12 March.

See Also: