India signs for 75 Pilatus PC-7 MkII trainers
Pilatus Aircraft announced that the Indian Air Force has entered today into a contract in excess of 500 Million Swiss Francs to procure a fleet of 75 PC-7 MkII turboprop aircraft, together with an integrated ground based training system and a comprehensive logistics support package.
The contract is the largest ever for the company in Stans. It also contains an option clause for extending the scope within three years from initial signature and Pilatus is optimistic that this will indeed be executed. Delivery of the aircraft and the complete training system is scheduled to commence in Q4 2012.
The decision to select the PC-7 MkII training system was made after a thorough evaluation by the Indian Air Force, which looked at all available options. Pilatus Aircraft views this contract for the Indian Air Force as a major success and believes it will encourage other forces to take a close look at our pilot training solution.
Coupled to this award will be the establishment of in-country depot level maintenance capabilities, which includes the required transfer of technology to Hindustan Aeronautics Limited (HAL), enabling in-country maintenance of the platform throughout its service life of over 30 years.
Pilatus has also entered into a separate off-set contract with the Government of India for 30% of the value of this contract and we view this as a major opportunity. Pilatus has significant confidence in the Indian Defence market with its highly skilled workforce and it is our intention to leverage the offset opportunity to establish manufacturing capability for the region in support of our business plans for India.