UPDATE 1-Boeing says more India C-17 orders possible

* Military aircraft sales seen growing over 5-10 years

* India decision on fighters seen in early 2011

(Adds details, additional quotes)

FARNBOROUGH, England, July 19 (BestGrowthStock) – India could buy
10 to 12 more C-17 transport planes from Boeing Co (BA.N: ) beyond
the 10 planes already planned, Christopher Chadwick, president
of Boeing military aircraft told Reuters on Monday.

Boeing, the No. 2 U.S. defense contractor, is forecasting
strong demand for the C-17 planes, which have been used heavily
during the Iraq and Afghanistan wars, Chadwick said at the
Farnborough Airshow outside London.

Boeing had seen interest from multiple buyers in the Middle
East and the Asian-Pacific region, and NATO countries could also
buy more of the cargo planes in coming years, Chadwick said in
an interview.

On Sunday, Boeing officials said the company could sell 20
more C-17 transport planes to foreign buyers over the next five
to ten years, in addition to the 10 already planned for India.

Chadwick said the number could rise even higher, given
expectations that India could eventually more than double its
planned purchase of 10 C-17s.

The Pentagon’s Defense Security Cooperation Agency in April
announced approval of the sale of the 10 transport planes and
related equipment, putting its value at up to $5.8 billion.

Chadwick said Boeing expected a slight increase in military
aircraft revenues internationally over the next five to 10
years, bolstered by sales of transport planes and fighter
aircraft.

Chadwick said delays in international fighter competitions
should not jeopardize Boeing’s forecast for moderate growth in
defense revenues in 2011, given strong domestic sales.

Boeing is negotiating a third multi-year procurement deal
for its F/A-18 fighters with the U.S. government, which would
make that production line “rock solid out through the middle of
the decade,” he said.

India was also expected to pick a winner in its competition
for 126 new fighter jets early next year, he said, while Japan
is due to issue a request for proposals later this year.

Brazil’s fighter competition was also nearing an end, and a
final decision could come next year, he said.

Boeing had a good track record in winning international
competitions, Chadwick said, but the company’s revenue forecast
factored in possible wins by other contractors as well.

“There are so many competitions in play right now,” he said.
“We never count on all of it.”
(Reporting by Andrea Shalal-Esa; Editing by Sharon Lindores)

UPDATE 1-Boeing says more India C-17 orders possible