Indian Government News,
A contract for upgradation of MiG-29 aircraft was signed with M/s RAC-MiG, Russia, on March 07, 2008 on single vendor basis. The contract for SPYDER Low Level Quick Reaction Missile system was signed with M/s RAFAEL, Israel, on Sep 01, 2008 after multi-vendor global tendering.
Transfer of Technology for series upgrade of MiG-29 aircraft and their Repair and Overhaul (ROH) is part of the upgrade contract. However, transfer of technology was not considered viable in case of Low Level Quick Reaction Missile system.
An expenditure of 964.082 million USD (approx Rs. 3875.61 crores) would be towards upgrade of MiG-29 aircraft, and USD 260,050,000 (approx Rs. 1137.71875 crores) for purchase of Low Level Quick Reaction Missile Systems.
This information was given by the Defence Minister Shri A K Antony in a written reply to Shri Vijay Jawaharlal Darda in Rajya Sabha today.
