Bloomberg News

India Clears $560 Million Plan to Buy BAE Systems Guns, WSJ Says

May 12, 2012

India’s Defense Ministry has approved a proposal to buy 145 ultra-light howitzer artillery guns from U.S.-based BAE Systems Inc. (BA/) for about 30 billion rupees ($560 million), the Wall Street Journal reported, citing a senior ministry official.

The proposal to buy the M777 artillery guns was cleared yesterday by the Defense Acquisitions Council, according to the official, who didn’t want to be identified. The signing of a final contract may take some more months after completion of cost negotiations, the newspaper said.

“This will be a direct government-to-government deal between India and the U.S. under the U.S. government’s foreign military sales route,” a person familiar with the matter told the newspaper.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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