Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines

Israel signs USD 777 mn missile defence deal with India: Report

Line Spacing+- AFont Size+- Print This Article

The Long Range Surface-to-Air Missile during test firing. A file photo

JERUSALEM (PTI): A leading state-run Israeli defence company said Wednesday it has signed a US$ 777 million contract with India for the supply of Barak 8 long-range surface-to-air defence missiles and missile defence systems for the Indian Navy, media reports in Jerusalem said.

Israel Aerospace Industries (IAI) said India's Bharat Electronics Limited (BEL) will be the main manufacturer for the project, Israeli business daily Globes reported.

The IAI will supply Long-Range Surface-to-Air Missile (LR-SAM) Air and Missile Defense (AMD) systems, the marine version of the AMD system Barak 8, for seven ships of the Indian Navy, the report said.

The IAI is Israel's largest aerospace and defence company. It develops, manufactures and supplies defence systems including anti-missile, aerial systems and intelligence and cybersecurity systems.

India maintains close relations with Israel's defence establishment, and has entered into several substantial deals with Israeli defence companies.

IAI CEO and President Nimrod Sheffer said: "IAI's partnership with India dates many years back and has culminated in joint system development and production. India is a major market for IAI and we plan to protect and reinforce our positioning in India, also in view of increasing competition.

"For its part, IAI management continually refreshes its business strategy while preserving the core capability and growth engines, of which the Barak 8 is an example," the daily quoted Sheffer as saying.

Tags:

Line Spacing+- AFont Size+- Print Article

Other Related News

Countdown begins for launch of GSAT-29, weather still holds key

The 27-hour countdown began Tuesday for the launch of India's latest communication satellite GSAT-29 onboard the second developmental flight GSLV-MkIII D2 from the spaceport of Sriharikota Wednesday evening, subject to weather conditions, ISRO has said.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2018

Image Gallery