After record deal, Israel-India agree on $630 million Indian Navy contract

 

Israel Aerospace Industries signed a new deal this week, designed to equip 4 Indian Naval ships with the Barak 8 missile defense system, which is in addition to the $2 billion contract the IAI inked with India in April, the largest arms deal in the history of Israel’s defense industries.

By News Agencies and Israel Hayom Staff

 

The Israel Aerospace Industries announced this week that it has won a $630 million contract with the Indian Navy. The deal was signed in addition to a $2 billion contract the IAI inked with India in April, which was the largest arms deal in the history of Israel’s defense industries.

The contract will be carried out, for the first time, with Indian government company Bharat Electronics, which serves as the main contractor in the project as part of India’s “Make in India” policy.

As part of the deal, IAI will equip four Indian Navy ships with Barak 8 missile defense systems, designed to defend against any type of airborne threat, including aircraft, helicopters, anti-ship missiles and drones. The system was successfully tested last week aboard an Indian Navy ship. During the trial scenario an airborne threat was identified and an intercepting missile was launched and destroyed the target.

“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,” Joseph Weiss, IAI president and CEO, said in a statement posted on the company’s website Sunday.

RELATED:

 

View original Israel Hayom publication at:
http://www.israelhayom.com/site/newsletter_article.php?id=42617

Leave a comment

Leave a Reply