India plays fighter catch-up

After over a decade of waiting, India has decided in the "mother" of defense deals, with France's Dassault Rafale fighter jets winning the multi-billion contract for 126 MMRCA (medium multi-role combat aircraft). The value of the contract could be anywhere between US$12 billion and $16 billion, though some estimates have pegged it at much larger $20 billion. It is clear that this is one of the world's largest military aviation deals.

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