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Delivery of the aircraft and the complete training system is scheduled to commence in Q4 2012. The decision to select the PC-7 MkII training system was made after a thorough evaluation by the Indian Air Force, which looked at all available options. Pilatus Aircraft Ltd views this contract for the Indian Air Force as a major success and believes it will encourage other forces to take a close look at our pilot training solution.
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Pilatus has also entered into a separate off-set contract with the Government of India for 30% of the value of this contract and we view this as a major opportunity. Pilatus has significant confidence in the Indian Defence market with its highly skilled workforce and it is our intention to leverage the offset opportunity to establish manufacturing capability for the region in support of our business plans for India.
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