CNN/IBN Report

Media reported that French company Dassault Aviation's Rafale has won the $10.4 billion deal to supply 126 Medium Multi-Role Combat Aircraft (MMRCA) to the Indian Air Force (IAF).

According to sources, Rafale won the multi-billion dollar deal as it was found to be similar to the French Mirage 2000 fighter jet, which is already being operated by the IAF.

Rafale beat the Eurofighter Typhoon to bag the deal. Rafale was preferred as its commercial bid was lower than Eurofighter Typhoon.

Reuters Report

Following the announcement of the final selection of the Rafale in the frame of the MMRCA program, Dassault Aviation and its partners are honored and grateful to the Indian Government and the people of India to be given the opportunity to extend their long-lasting cooperation," said the company in a statement.

Indian government sources said earlier Dassault had undercut the Eurofighter Typhoon in a competition for 126 aircraft and that India would enter exclusive talks with the French company.

Dassault's statement did not address the process ahead for concluding a final agreement.