India Signs Two MiG Contracts Worth $55 Million
India yesterday signed two contracts worth a total $55 million with the MiG Corporation, MiG was quoted by RIA Novosti.
Under the first contract estimated at $43 million, a servicing center will be established in India for maintenance and repair of Zhuk-ME on-board radars.
The second $12 million contract provides for the creation of a servicing center in India for modernized MiG-29UPG fighter jets.
Russia will deliver six MiG-29K Fulcrum fourth generation fighters to India this year as part of a 2010 contract for 29 planes worth $1.5 billion, MiG CEO Sergei Korotkov told RIA Novosti at the MAKS-2013 international air and space show.
India currently has 21 aircraft. Under the contract, MiG is to deliver 29 planes before 2015. Last year four aircraft were delivered and one has been delivered so far this year, he added.
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