The negotiations with the American firm have been going on and high-level visits have taken place between both sides. The two sides are now looking at concluding the deal at the earliest. The Indian side is aiming to conclude the deal in the next three months by the end of March 2025, source
Indian public sector aerospace and defence manufacturer Hindustan Aeronautics, which currently has the capacity to build eight Light Combat Aircraft per year, intends to take up to 24 in the course of the next three years.
In a major announcement coinciding with PM Modi's state visit to the US in June, GE Aerospace and HAL had inked a MoU to produce fighter jet engines for the Indian Air Force.