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Monday
Jun062011

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.  

Copyright 2011 ABC News Radio

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