India is poised to sign a record deal with Hindustan Aeronautics Limited for 97 Tejas Mark-1A fighter jets, valued at Rs 66,500 crore. This will be the largest contract for the indigenous fighters, even though the Indian Air Force has yet to receive the first unit from its earlier order of 83 improved jets placed in February 2021 for Rs 46,898 crore.

The new agreement for Tejas Mark-1A aircraft could be finalized as early as Thursday, coinciding with the retirement of 36 MiG-21 fighters, as per a TOI report. The contract is seen as a significant boost to India's fighter fleet, addressing gaps created by the phased retirement of older aircraft.

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