US, India to Seal Groundbreaking Jet Engine Deal During PM Modi’s State Visit

News Snapshot:

The Biden administration is poised to sign off on a deal that would allow General Electric Co to produce jet engines powering Indian military aircraft in that country, according to three people briefed on the decision. A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian Prime Minister Narendra Modi for an official state visit on June 22, the people said on condition of anonymity because the decision has not been made public. The White House, which said in January that it had received the application...