Home Latest News Israel Signs $630mn Defense Deal With India

Israel Signs $630mn Defense Deal With India

by AFP

File Photo. Money Sharma—AFP

Under agreement, Israel will provide New Delhi’s navy with missile defense systems

Israel announced on Sunday it had reached a deal worth $630 million to provide India’s navy with missile defense systems, following a record weapons sale between the two countries last month.

The new contract will see state-owned Israel Aerospace Industries supply LRSAM air and missile defense systems for four Indian naval ships, a statement from the company said. IAI said the contract would be carried out with India’s Bharat Electronics Limited, which will be the project’s main contractor.

“The new contract adds to other deals signed in the last decade by IAI with India’s defense forces, reinforcing IAI’s global leadership position in air and missile defense systems,” IAI president and CEO Joseph Weiss said in a statement.

LRSAM is an advanced air and missile defense system, jointly developed by IAI and India’s Defense Research and Development Organization.

In April, IAI said India would buy nearly $2 billion worth of weapons technology from Israel in what was described as the “largest defense contract” ever signed by the military exporting giant.

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