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Originally published by Capital Newstop
May 27, 2026
4h ago
India Moves Closer to Historic $38 Billion Rafale Fighter Jet Deal With France
India has finalised a Letter of Request (LoR) for the acquisition of 114 Dassault Rafale multi-role fighter jets for the Indian Air Force (IAF), marking a - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
āØ Key Highlights
India has taken a significant step towards acquiring 114 Dassault Rafale fighter jets from France, which could become the country's largest-ever defence procurement deal.
- The estimated value of the deal is approximately ā¹3.25 lakh crore (around $38 billion).
- Key players include the Indian Air Force (IAF) and Dassault Aviation.
- A substantial portion, nearly 90 jets, are expected to be manufactured in India, fostering local industrial participation.
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