India signs contract with Spain for acquisition of 56 C-295MW transport aircraft

·       India has signed a contract with Airbus Defense and Space Company of Spain for the acquisition of 56 C-295MW transport aircraft for the Indian Air Force.

·       It also signed an offset contract with Airbus Defense & Space.

·       These contracts were signed earlier this month following the approval given by the Cabinet Committee on Security.

Important facts

About Indian Air Force

Founded: 8 October 1932

Headquarters: New Delhi

IAF is the fourth largest air force in the world.

India celebrates Indian Air Force Day every year on 8 October, because on this day, the Air Force was officially raised in 1932 as an auxiliary force of the Royal Air Force of the United Kingdom.