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New Delhi, India (RIA Novosti) Dec 17, 2010 Russia and India have agreed the estimated cost of a design contract for their joint fifth-generation fighter project at $295 million, Hindustan Aeronautics Limited (HAL) Chairman Ashok Nayak said in an interview with RIA Novosti. "The cost of preliminary design is estimated at $295 million. The work is expected to be complete within 18 months," Nayak said. Russia's Sukhoi holding and India's Hindustan Aeronautics Limited (HAL) agreed in early 2010 to jointly develop a fifth-generation fighter jet based on the prototype T-50 design. India confirmed that it had finalized a draft contract at a meeting with Russia in early October. Nayak said the contract could be signed by the representatives of India's HAL and Russia's United Aircraft Corporation (UAC) during a visit by Russian President Dmitry Medvedev to India on December 20-22. The two sides agreed to develop both a single-seat and a two-seat version of the aircraft by 2016, focusing on the single-seat version in the initial stages of development. The costs will be shared equally between Russia and India. The first Russian prototype T-50 made its maiden flight in January 2010. The new fighter aircraft is expected to enter service with the Indian Air Force by 2020.
Source: RIA Novosti
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