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India to Buy $1 Billion Arms From US

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In a boost to U.S. weapons makers looking for ways to offset lower domestic military spending, India is expected to choose Sikorsky Aircraft’s S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.

The decision could come during a high-profile visit to the United States by new Indian Prime Minister Narendra Modi that starts on Friday.

The Sikorsky deal would be one of several large U.S. arms purchases by India that are nearing completion, including over $2.5 billion in orders for Boeing Co’s AH-64D Apache and CH-47 Chinook helicopters.

Sikorsky Aircraft, a unit of United Technologies, declined comment on the potential helicopter order. Sikorsy is expected to beat out NH Industries, a joint venture of Airbus, AgustaWestland and Fokker Aerostructures.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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