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Big Deal. French jet Rafale picked by India Air Force.

Big Deal. French jet Rafale picked by India Air Force.

French firm Dassault has emerged as the lowest bidder for a $10bn (£6.3bn) contract to supply India jet fighters.

Dassault Aviation, as preferred bidder, will now enter final talks before signing a deal that will supply India’s air force with 126 Rafale aircraft.

Correspondents say this is one of the world’s biggest defence deals and is a major setback for rival bidder, the Eurofighter Typhoon.

Eurofighter lost out in December on an $8bn deal to supply jets to Japan.

Shares in Dassault Aviation rocketed…READ MORE HERE