Israel signs $2 billion missile deal |
Israel has signed a $2 billion contract with India to supply it with missile defence systems. Israel Aerospace Industries (IAI) said that it has been awarded its largest defence contract of almost $2 billion for supplying advanced medium-range surface-to-air missile systems (MRSAM) to India. IAI said it would also supply additional long-range air and missile defence systems (LRSAM) for the first locally produced Indian aircraft carrier. The contract is worth $1.6 billion for IAI, with the rest going to another state-owned defence company Rafael, that will be providing components for the systems.The current contracts represent an enormous expression of confidence by the government of India in IAI`s capabilities and advanced technologies, which are being developed with our local partners as part of the Indian government`s `Make in India` policy. President Reuven Rivlin, who is said to have discussed the deal with Indian leaders during his trip to India early this year, called to congratulate Weiss on this “historic” deal terming it truly “exceptional”. Israel`s willingness to share technology and form joint ventures with Indian companies to develop and manufacture military equipment supporting the `Make in India` initiative is said to have been well received in New Delhi.
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