02-11-2009, 09:57 AM
<b>Lockheed, Boeing $11 Billion Order Snags on U.S.-India Talks</b> <!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Feb. 11 (Bloomberg) -- Efforts by Lockheed Martin Corp. and rival Boeing Co. to win Indiaâs $11 billion fighter-jet order, the largest military contest in play worldwide, hinge on whether the South Asian nation will allow U.S. officials to monitor the use of American-made defense equipment.
Lockheed and Boeing, the largest U.S. defense contractors, made their first military sales to India only within the past 12 months. Until the U.S. lifted sanctions in September 2001 that were imposed after 1998 nuclear tests, India had relied on the former Soviet Union and later Russia and European suppliers for weapons for more than five decades.
The relationship now faces its biggest test as the U.S. contractors prepare to compete against each other and suppliers from Russia, France, Sweden and Europe for the 126-aircraft order that may come in 2010. Lockheed and Boeing have an additional hurdle, as India has yet to agree to U.S. efforts to enforce a law requiring inspections of exported weapons.
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Before election COngress needs bribe money and they will get, hell to Indias long time security.
Deal should be done after election.
Lockheed and Boeing, the largest U.S. defense contractors, made their first military sales to India only within the past 12 months. Until the U.S. lifted sanctions in September 2001 that were imposed after 1998 nuclear tests, India had relied on the former Soviet Union and later Russia and European suppliers for weapons for more than five decades.
The relationship now faces its biggest test as the U.S. contractors prepare to compete against each other and suppliers from Russia, France, Sweden and Europe for the 126-aircraft order that may come in 2010. Lockheed and Boeing have an additional hurdle, as India has yet to agree to U.S. efforts to enforce a law requiring inspections of exported weapons.
.......<!--QuoteEnd--><!--QuoteEEnd-->
Before election COngress needs bribe money and they will get, hell to Indias long time security.
Deal should be done after election.