Updated By: LatestGKGS Desk
India Signs $777 Million Deal For Israeli Missile Defence Systems, Top Highlights
India Israel Defense Deal: India to buy Israel's LRSAM air and missile defense system for 777 Million USD
After the S-400 Air Defense Deal from Russia, India has made a major deal for Israel's modern missile defense systems. The government Israeli Aerospace Industries (IAI) has received an additional $ 777 million in additional contracts. Under this, the Israeli company will supply 7 Ships of Indian Navy to LRSAM Air and Missile Defense Systems.
He has acquired this deal with Bharat Electronics Limited (BEL), a government company of India's main contractor, India. LRSAM (Part of Barack 8 Family) is an Air and Missile Defense System, used by the Indian Navy, Air, and Air Force with the Israeli Navy. IAI said that with this deal, Barack 8's sales have reached 6 billion dollars in the last few years.
This partnership with Israeli is years old and now They are jointly working on the development and production of the system." India is a big market for IAI, so in view of the growing competition, they are working towards further strengthening our position in India.
America and the old ally have emerged as one of Russia's largest arms suppliers for Israel, along with Russia. Last year, IAI had made a deal worth about $ 2 billion to supply missile defense systems to the Indian Army and Navy. After this, together with BEL, a $ 630 million contract was made to supply contract Barack 8 (surface-to-air missile systems).
