New Delhi, Aug. 27 -- Hindustan Aeronautics Ltd (HAL) share price will be in focus on Thursday following reports that the government is likely to sign a deal worth around $1 billion with US-based General Electric (GE) to supply 113 additional GE-404 engines for indigenous combat aircraft.

According to a report by ANI, defence PSU HAL has already signed a contract for 99 GE-404 engines with the American firm for the initial 83 LCA Tejas Mark 1A fighter jets ordered by the Indian Air Force. The additional 113 engines will cater to another 97 LCAs approved by the government earlier under a Rs.62,000 crore procurement plan.

Defence officials quoted in the report said negotiations for the new order are nearly complete and the deal is expecte...