Economy Indian Air Force is looking to buy 110 fighter jets in $15 billion deal Updated : April 12, 2018 04:19 PM IST Major defence equipment manufacturers such as Boeing, Lockheed Martin, Saab and Dassault Aviation are expected to compete. The Indian air force currently has a strength of 32 squadrons, with about 18 jets each. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.