Dassault Rafale wins $10.4bn deal for 126 IAF jets

In a deal worth $10.4bn, India has chosen French aviation firm Dassault Rafale, over European consortium Eurofighter, to provide 126 medium multi-role combat aircraft over 10 years to the Indian Air Force. India shortlisted the Rafale and Eurofighter in April, when it rejected bids from U.S. manufacturers Lockheed Martin, Boeing, Saab AB and OAO United Aircraft Corp. The country is buying the fighters to replace an aging fleet of Russian MiG-21s and Dassault Mirage 2000s.