Indian cabinet approves Rafale fighter purchase

Sep. 22, 2016 8:15 AM ETDassault Aviation Société anonyme (DUAVF)DUAVFBy: Yoel Minkoff, SA News Editor
  • India's cabinet has cleared the purchase of 36 Rafale fighter jets from Dassault Aviation (OTCPK:DUAVF), paving the way for signing a deal that Prime Minister Narendra Modi is betting on to modernize the air force.
  • The acquisition is part of a $150B military overhaul India has launched, drawing global arms makers into one of the world's most promising markets.

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