India is likely to soon sign major defence deals with Russia including of joint development of the futuristic Fifth Generation Fighter Aircraft (FGFA) and Kamov Ka-226T Light Utility Helicopters (LUH). As of now, both the countries are progressing well with the negotiation process of both the deals, after these being stalled for some time. Further, many other major defence deals with Russia comprising of five S-400 air-defense missile systems worth $2.5 billion, $1.5 billion leasing of the second nuclear Project 971 submarine and four more stealth frigates for around $4 billion are also in the offing. However, India most likely would not be going ahead with the proposed joint development of the Multi-Role Transport Aircraft (MTA) with Russia owing to the twin-engine plane's cost-viability, delivery timelines and failure to meet high-altitude requirements.

Source: http://timesofindia.indiatimes.com/Now-India-turns-to-Russia-for-mega-defence-deals/articleshow/54039916.cms