Why is it in news?
- The Navy has lined up several multi-billion dollar deals for helicopters, long-range maritime patrol aircraft (LRMPA) and submarines which are in important stages of the procurement.
More in news
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Foreign Military Sales route: The deals for 24 MH-60R multi-role helicopters (MRH) and 10 more P-8I LRMPA are at an advanced stage with the U.S. through their Foreign Military Sales route.
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Project-75I: The process for 111 Naval Utility Helicopters and six conventional submarines under Project-75I has kicked off through the much-delayed Strategic Partnership (SP) model.
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SP model: The deal for 111 NUH is the first one to be processed under the ambitious SP model meant to promote domestic private sector participation in Defence manufacturing.
Source
The Hindu