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India Agrees to Arbitration on Scrapped Helicopter Deal

India agreed to take its $770 million helicopter deal with Italian defense group Finmeccanica's AgustaWestland unit to arbitration while formally cancelling the agreement on Wednesday over what it termed a breach of integrity. India's Defense Ministry appointed a former judge as its arbitrator on Wednesday but said in a statement it believed "integrity-related issues are not subject to arbitration''. India froze payments for the 12 AW101 helicopters after...

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