This morning, the representatives of GE and Eurojet were informed in Bangalore that GE Aviation was the lowest bidder in the LCA engine competition. The DRDO press release that followed is pasted below.
More on this in tomorrow's Business Standard. Will post in the morning. Stay tuned.
GE Aviation lowest bidder for LCA Mk-2 Alternate Engine
The Price Negotiating Committee for the Alternate Engine for LCA Mk-2 has finalised the Comparative Statement of Tenders. The committee Chaired by Dr Prahlada, DS & CCR&D (Ae&SI) had its representatives from Ministry of Defence, Defence Finance, ADA, DRDO, HAL, Indian Air Force, and Indian Navy. After evaluation and acceptance of the Technical offer provided by both Eurojet and GE Aviation, the commercial quotes were compared in detail and GE Aviation was declared as the lowest bidder. Further price negotiations and contract finalization will follow.