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.
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“The inclusion of Indian governmental company BEL for the first time, is a step up in our relationship with the Indian industry as part of the ‘Make in India’ policy. This unique project represents the close collaboration between India’s DRDO [Defense Research and Development Organization], IAI and the defense forces of both countries. We will proceed to implementing it with joint efforts.”
Boaz Levi, executive vice president and general manager of the Systems, Missiles and Space Group, said IAI “takes pride, along with our partners in India, in the great results of the trial conducted last week, which reestablishes the system’s reliability and quality as well as its advanced technological capabilities. IAI is in an accelerated process to supply the various air and missile defense systems to the client. We will continue to support our partners in India in advancing the industry and security of both countries.”
The Israel Aerospace Industries is Israel’s largest aerospace and defense company and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced air, space, sea, land, cyber and homeland security systems.
View original Israel Hayom publication at:
http://www.israelhayom.com/site/newsletter_article.php?id=42617
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