Of the 32 helicopters to be built by HAL, 16 eachwould be shared by both the services, the company said.
The Performance Based Logistics (PBL) support for five years for 16 helicopters for ICG is the unique feature of thiscontract, an HAL statement said.
"The PBL is the purchase of logistics support as an integrated, affordable, performance package designed to optimize system readiness and meet performance goals for the product through long-term support arrangements with clear lines of authority and responsibility," HAL CMD T Suvarna Raju said.
Stating that PBL ensures the availability of products to the customer while the responsibility gets transferred to the contractor, HAL said the PBL envisages rewards or penalties based on the performance.
The contracts were signed by V Natarajan, General Manager (Helicopter Division), HAL and Jayant Sinha, Joint Secretary & Acquisition Manager (Maritime Systems), MoD, in New Delhi yesterday in the presence of HAL, Navy and Coast Guard officials, the statement said.