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NEW DELHI, April 27 (Reuters) – U.S. companies are poised to
sign defence deals totaling $8 billion with India, the U.S.
Ambassador Nancy Powell said on Friday.
She did not specify a timeframe when the deals would be
signed.
India is one of the world’s largest arms importers and plans
to spend close to about $100 billion over the next 10 years to
upgrade its largely Soviet-era equipment.
U.S. companies like Boeing Co, Lockheed Martin Corp
and Raytheon Co are some of the contractors
looking to grab a share of India’s planned military spending.
