
State-owned Israel Aerospace Industries signs an additional contract worth $777 million to supply the Barak 8, LRSAM air and missile defense systems on 7 Indian navy ships.
By Reuters
State-owned Israel Aerospace Industries (IAI) has won an additional $777 million contract to supply LRSAM air and missile defense systems to seven ships in the Indian navy, the company said on Wednesday.
The contract is with India’s state-owned Bharat Electronics Ltd (BEL), which is the main contractor in the project, IAI said.The LRSAM, part of the Barak 8 family, is an air and missile defense system used by Israel’s navy as well as India’s navy, air and land forces. Continue Reading »