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US nuclear companies to make $billions out of India deal

ww.chinaview.cn 2009-07-21By Xinhua Writer Yang Qingchuan

“…………. The agreement, inked by Clinton and Indian Minister of External Affairs S. M. Krishna, will set terms for U.S. officials to monitor India’s weapons usage and allow the US to sell sophisticated military technology to India, including fighter jets.

Under the terms of the deal, the U.S. would be allowed to conduct “end-use monitoring,” meaning it would conduct regular assessments of India’s military policies to verify that weapons systems are being used for their intended purposes.

Such an agreement is required by U.S. law before American companies can legally sell weapons systems to any foreign nation.

In other words, it will turn on the greenlight for U.S. defense giants such as Lockheed Martin and Boeing, to sell advanced and sophisticated weaponry to India.

“The agreement will boost India’s ability to defend itself through the acquisition of U.S. defense equipment while promoting American high tech exports,” the U.S. State Department said of the deal in a statement.

New pact puts growing U.S.-India military ties under spotlight_English_Xinhua

July 22, 2009 - Posted by Christina Macpherson | business and costs, India | antinuclear, nuclear, nuclear costs, radioactive, uranium