Israel aerospace industries signs $630 million deal with India

State-owned Israel Aerospace Industries on 21May-2017 it has won an additional, $630 million contract to supply air and defence missile systems for four ships of the Indian Navy. The contract will be carried out, for the first time, with Bharat Electronics Ltd-2.08 %, which serves as the main contractor in the project as part of India’s “Make in India” policy. Israel’s Barak 8 long-range surface-to-air missile 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.

In April, IAI struck a deal worth almost $2 billion to supply India’s army and navy with missile defence systems. Israel is one of the top three arms suppliers to India. The LRSAM is a joint development by IAI and India’s Defence Research and Development Organisation. It comprises several key state-of-the-art elements, advanced phased-array radar, command-and-control system, launchers and missiles with advanced radio-frequency (RF) seekers.All components of the weapon system have successfully met the goals set to group take 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.

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