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March 11 (UPI) -- India has signed a $3 billion deal to lease a nuclear-powered submarine from Russia.
The contract for the Akula-1 class submarine includes refurbishment of the sub, which has been mothballed at Severodvinsk. It also includes sustenance and spares support for 10 years, as well as training and technical infrastructure, the Times of India reported.
The nuclear-powered class of submarines, known in Russia as Shchuka-B, is armed with cruise missiles as well as torpedoes, anti-aircraft missiles and mines.
India expects the ship, which will be called Chakra III, to be ready by 2025.