Dassault Rafale wins $10.4 billion Indian Air Force jet fighter deal: Sources

The Dassault Rafale fighter jet, manufactured by French Dassault Aviation, has won India's mammoth contract worth $10.4 billion, say sources. The Indian Air Force plans to buy 126 aircraft over the next ten years. The process to determine the L1 (lowest bidder) has been completed, and sources indicate that the final contract is expected to be signed in the next financial year. The first 18 aircraft will be bought off the shelf. The rest 118 will be manufactured in partnership with an Indian company.