India readies $1B deal for additional GE engines from U.S., Economic Times says

India is readying a $1B deal for fighter jet engines from American manufacturer General Electric to power the indigenous Light Combat Aircraft, additional orders for which were cleared by the Cabinet earlier this month, The Economic Times’ Manu Pubby reports. Sources said that an order for 113 new F 404-IN20 engines is in the final stages of discussion between GE and Hindustan Aeronautics Limited and is likely to be signed by next month.