The defence ministry on Tuesday sealed a deal with Hindustan Aeronautics Limited (HAL) to procure 70 HTT-40 basic trainer aircraft at a cost of over Rs 6,800 crore for the Indian Air Force.
The ministry also finalised a contract with the Larsen & Toubro Ltd (L&T) for acquisition of three cadet training ships worth over Rs 3,100 crore.
Both the procurement proposals were cleared by the prime minister-led Cabinet Committee on Security (CCS) on March 1.
“The ministry of defence on March 7 signed contracts with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Limited (L&T) for procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships respectively in the presence of Defence Minister Rajnath Singh,” the ministry said.
