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IAI Poised for $900M Indian Aerial Refueling Contract
Israel Aerospace Industries (IAI) is reportedly nearing a $900 million deal to convert six Boeing 767 aircraft into aerial refueling tankers for the Indian Air Force. This strategic agreement underscores the deepening defense cooperation between Israel and India. The contract includes a significant industrial offset requirement, mandating that at least 30% of the conversion work be executed within India. This aligns with India's 'Make in India' initiative, aiming to bolster domestic aerospace manufacturing capabilities.