India, US finalising $5.8bn Boeing deal

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NEW DELHI: India is aiming to finalise a $5.8 billion defence agreement with the United States before the November visit of President Barack Obama in a deal that would mark the biggest India-US defence deal ever.

The two countries are in talks for India to acquire 10 Boeing Co's C-17 Globemaster III planes, senior government officials said on Wednesday, adding the parties hope to make the announcement during Obama's visit.

"The $5.8 billion deal along with all potential support services and spares is the biggest-ever defence deal between the two countries till now," a senior government official told Reuters.