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· 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.