NEW DELHI, Jan 31 � French company Dassault Rafale today bagged India�s biggest-ever contract for supplying 126 combat aircraft for the air force, edging out European competitor EADS in the multi-billion dollar deal, reports PTI.
The French firm was declared as the lowest bidder, according to which it will get the contract under India�s defence procurement procedure, sources said.
�The French firm Dassault Rafale has emerged as the L-1 (lowest bidder) and cheaper than its European rival EADS (maker of Eurofighter) in the tender and will be offered to supply the aircraft to the IAF,� the source said.
They said the representatives of Dassault here were informed about the development in the morning and further negotiations on price will be held with them in the next 10-15 days.
The contract will be signed only in the next fiscal.