Daily Archives: August 17, 2021

GE, HAL sign $716 million contract for India’s light combat jet engine

GE-HAL Engine Contract: India’s state owned aircraft manufacturer Hindustan Aeronautics Limited Tuesday signed a $716 million (Rs 5,375 crores) contract for supply of 99 GE F404 engines for India’s light combat jet programme. In January this year, the government has approved procurement of 83 LCA Tejas combat jets at a cost of Rs 48,000 crores (over $6 billion at present exchange rate.)