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India Places $4.1M Order with Boeing; More Jobs Likely to Follow

PRNewsFoto/Continental Airlines(NEW YORK) -- India approved plans to purchase 10 Boeing aircraft for $4.1 billion, reports The Wall Street Journal.  The transaction, which include 10 C-17 Globemaster III aircraft, is India's largest military deal with the United States.

According to the WSJ report, there is no word on when the agreement might be finalized, but a spokesman for the Indian Defense Ministry says the terms include the option to order six additional C-17s in the future.

The deal is likely to produce more than 20,000 jobs for Boeing's facility in Long Beach, Calif., according to White House estimations.  

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