$777 million deal signed by India for Israeli missile defence systems

FILE PHOTO: The logo of state-owned Israel Aerospace Industries (IAI) is seen at their offices next to Israel's Ben Gurion International airport, near Or Yehuda, Israel February 27, 2017. REUTERS/Baz Ratner/File Photo

 

 

India, biggest defence market for Israel’s IAI

Highlights

  • Israel is emerging as India’s biggest weapon supplier.
  • $777 million missile systems deal between India and Israel.
  • The air and missile defence system used by Israel’s navy as well as India’s navy, air.

Tel Aviv:  State-owned Israel Aerospace Industries (IAI) received a contract of $777 million missile system deal by India. It will supply LRSM air and missile defence systems to seven ships in the Indian navy, as said by the company on Wednesday.

India’s state-owned Bharat Electronics Ltd (BEL) is the main contractor in the project, IAI said.

The LRSM which is part of the Barack 8 family, an air and missile defence system is used by Israel’s navy and India’s navy, air and land forces.

In recent years India is the major market for IAI and they plan to reinforce this partnership. As said by the chief executive officer Nimrod Sheffer.

India and Israel have pledged to deepen ties in the field of agriculture and advanced technologies also. Along with United States and Russia, Israel is turning out to be the biggest weapon supplier for India.

The Barack 8 was developed in collaboration with Israel’s Defence Ministry, India’s Defence Research and Development Organizations.