Economy
In reply to the discussion: STOCK MARKET WATCH - Wednesday, 1 February 2012 [View all]Ghost Dog
(16,881 posts)The Indian government said yesterday it was entering into exclusive talks with the French company Dassault Aviation to provide 126 jets, delivering a devastating blow to the Eurofighter consortium that was hoping to secure the $12bn deal.
Dassault's Rafale and the Eurofighter, produced by a four-nation consortium including Britain's BAE Systems, had been whittled down from a shortlist of six last year and industry observers had been anxiously awaiting the opening of sealed bids that contained the costs of each company's pitch. It appears the French bid came in just a few million dollars cheaper...
... James Hardy of IHS Jane's Defence Weekly said: "It's a big win for the Dassault and the Rafale, its first overseas order, after a couple of big disappointments in Brazil and UAE, and a big loss for Eurofighter. The Typhoon was widely tipped to be the favourite and had major political support from the big beasts of the Eurofighter nations."
He added: "However, it is important to note that this is just the first step. Rafale has been selected as preferred bidder but any student of Indian procurement knows that this means nothing until the contract is physically signed."
/... http://www.independent.co.uk/news/business/news/blow-for-bae-as-india-picks-dassault-jet-6297563.html
... Downing Street is to try and persuade the Indian government to rethink its plans to buy Rafale fighter planes from France, rather than UK-backed Eurofighter Typhoons.
No 10 said it would be contacting Delhi to understand the reasons behind the decision to go with the French option.
There was some suggestion that the British might ask the European commission to examine whether EU state aid rules had been breached, but officials said it was premature to speak in those terms.
At prime minister's questions in the Commons, David Cameron sought to reassure Conservative MPs that the decision to give the French preferred bidder status would not mean job losses...
/... http://www.guardian.co.uk/business/2012/feb/01/cameron-india-eurofighter-typhoon-deal?newsfeed=true
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