Russia's Sukhoi holding and India's Hindustan Aeronautics Limited (HAL) agreed in early 2010 to jointly develop a fifth-generation fighter jet. India confirmed that it had finalized a draft contract at a meeting with Russia in early October.
"If all procedures are completed by the time of our president's visit [to India] in December, the contract will be ready for signing," Ivanov said.
The new aircraft will be based on Russia's T-50 prototype fifth-generation fighter, which has already made several test flights, and is expected to enter service with the Russian Air Force in 2015.
- Russia, India to begin design of 5G-fighter in December
- India chooses Russian prototype for its fifth generation aircraft
- India set to buy around 300 5th generation fighters from Russia
- Russian Navy to get fifth generation carrier fighter after 2020