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IAF chief says MRFA deal may be finalized in FY27

2026-10-03 · 1 source · CNBC TV18 Business

In short

Air Chief Marshal AP Singh said India could finish the MRFA deal in FY27. He said the process depends on the Defence Acquisition Wing, the Ministry of Defence, and the other side agreeing.

This matters because the deal could affect India’s fighter aircraft procurement. The report does not say who the supplier is or whether a final agreement is close.

What the reporting says

Air Chief Marshal AP Singh said India could finalize the MRFA deal in FY27, according to a publisher summary. He described the process as a two-way activity and said any contract depends on both the Defence Acquisition Wing and the Ministry of Defence, as well as the other side coming around. The reporting does not say which company or countries are involved, or whether negotiations have advanced further.

Why it matters

Air Chief Marshal AP Singh said the MRFA deal could be finalized in FY27 and described it as a two-way process involving the Defence Acquisition Wing, the Ministry of Defence and the other side. The statement suggests procurement is still in negotiation rather than closed. The source does not name the vendor, the number of aircraft, or any contract value.

Touches: Defence, Government, Markets

Sources