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Dassault Reliance Aerospace expects windfall by Rafael deal

Dassault Reliance Aerospace expects windfall by Rafael deal

Joint Venture Co. Dassault Reliance Aerospace to gain much due to 36 Rafael fighter air crafts deal.Agreement includes 50% offset obligation, contract. JV co. to execute offset obligations. This Co. will promote Research & Development projects under Indigenously Designed & Manufactured(IDDM), initiative of Defence Ministry. Dassault to offer know how & experience in design development & sale of all air crafts.