01 November 2008

Indian Navy Looks to Nuke Sub Lease Deal

The Amur shipyard in Russia has started sea trials on the "kinda sorta new" Akula II boat.

It's not completely new, construction was halted in 1991, but this is a very capable boat, and the Indians are getting for $650 million for a 10 year lease.

FWIW, I think that the cost has to be understated, even if the Russians are desparate to maintain their shipyards capabilities, this is a 10 cent sale.

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