02-12-2011, 12:49 AM
[url="http://en.rian.ru/mlitary_news/20110210/162533115.html"]Russian-Indian joint development of 5G fighter jet to cost $6 billion - HAL[/url]
Quote:The Russian-Indian joint development of a fifth generation fighter jet will cost some $6 billion, Hindustan Aeronautics Ltd. (HAL) Financial director D. Shivamurti said
Russia and India signed in December last year a contract to jointly develop a design for a new 5G multirole fighter. Russia's Sukhoi holding and India's Hindustan Aeronautics Limited agreed in early 2010 to jointly develop a fifth-generation fighter jet based on the T-50 design.
"A detailed design phase, including the cost of the project, is likely to cost more than $6 billion," Shivamurti said. "The work between us and them [India and Russia] will be distributed in a 35/65 proportion."
