Air Chief Marshal P.V. Naik on Sunday said the contract for supply of 126 Multi-Role Combat Aircraft (MCRA) to Indian Air Force will be signed soon.

“Evaluation of six aircraft from the bidding companies has been completed and details have been submitted to the Ministry of Defence which is expected to take a final decision soon,” Air Chief Marshal Naik told reporters on the sidelines of an event here.

The IAF has been holding trials for its $10-billion Medium MCRA tenders in which Boeing and Lockheed Martin from U.S., French D’Assault, Swedish SAAB, European consortium EADS and Russian MiG are contenders.

“The evaluation report will be discussed by the Cabinet Committee on Security, after which the process of awarding contract would be initiated,” he said.

He said that it would take another year to sign the contract and the delivery of first batch of 18 aircraft would be received within three years after the orders are placed.

The Defence Ministry has allocated Rs. 42,000 crore for the purchase of 126 aircraft.

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