France's Safran Shelves Plan for Rafale Fighter Project in India

Bloomberg.com - 11/17/2015

France’s Safran SA has shelved plans to make engine parts for Rafale combat aircraft in India after Prime Minister Narendra Modi scaled back purchases of the warplane. The company won’t make the components with state-run Indian defense contractor Hindustan Aeronautics Ltd. since the nation has ordered only 36 jets rather the more lucrative 126 originally mooted, according to Safran’s India Chief Executive Officer Stephane Lauret.

See the full article at Bloomberg.com