Russian-Indian joint development of 5G fighter jet to cost $6 billion - HAL

photo RIA Novosti. Alexei Druzhinin

BANGALORE (India), February 10 (RIA Novosti)

The Russian-Indian joint development of a fifth generation fighter jet will cost some $6 billion, Hindustan Aeronautics Ltd. (HAL) Financial director D. Shivamurti said. Russia and India signed in December last year a contract to jointly develop a design for a new 5G multirole fighter. Russia's Sukhoi holding and India's Hindustan Aeronautics Limited agreed in early 2010 to jointly develop a fifth-generation fighter jet based on the T-50 design.