New Delhi, Sept. 25 -- India is on track to finalise a significant deal with the US aerospace firm General Electric (GE) worth around USD 1 billion for 113 F404-IN20 fighter jet engines, amid ongoing trade negotiations with America.

Speaking with ANI, Dr DK Sunil, HAL Chairman and Managing Director, said that the agreement is expected to be inked by October this year, with negotiations at an advanced stage.

Regarding the contract for the 113 follow-on GE-404 engines, the HAL chief told ANI, "We expect to sign it in October. The contract will be worth more than 1 billion. The contract negotiations are done, and the price is finalised. We are only going through the contract details, and we have to sign. Now that this main contract is sign...