India and Russia have signed an agreement to jointly develop the 5th generation stealth fighter aircraft with equal financial and technological stakes. Overall development cost of the Sukhoi T-50 is in the region of US$ 10 billion.
An artist’s rendering of the Sukhoi T-50 fifth generation fighter aircraft
India will lease a nuclear powered Akula-II attack submarine from Russia from mid-2008 onwards under a hush-hush Rs 2600 crore (US$ 650 million) deal.
The Akula-II class attack submarine
Then, of course, India will be acquiring another 40 Sukhoi-30MKIs to add to the 190 already contracted, 347 more T-90S to add to the 310 such main-battle tanks already inducted, and 80 more Mi-17 medium-lift utility and assault helicopters from Russia. The deal does not include 230 Sukhoi-30MKI fighters India is going to acquire from Russia at an overall cost of over $8.5 billion.
2 SU-30K Flankers, 2 F-15 Eagles and 2 Mirage 2000 flying in formation
The 44,570-tonne aircraft carrier Admiral Gorshkov (below), was initially supposed to join Indian Navy by August 2008 as per the $1.5 billion package deal signed with Russia in January 2004. But India will not be getting the carrier, already rechristened INS Vikramaditya, anytime before 2010. The package deal, incidentally, includes 16 MiG-29K ‘Fulcrum’ supersonic fighters and a mix of Ka-31 and Ka-28 helicopters to operate from the carrier’s deck.
News source: TimesofIndia