Israel signs $630 million arms deal with India

5/26/2017
  • Israel and India penned a deal worth $630 million, to provide India's navy with missile defense systems following a record weapons sale between the two countries last month.
  • The new contract will see state-owned Israel Aerospace Industries (IAI) supply LRSAM air and missile defense systems for four Indian naval ships.
  • IAI said the contract will be carried out with India's Bharat Electronics Limited, which will be the project's main contractor.
  • LRSAM is an advanced air and missile defense system, jointly developed by IAI and India's Defense Research and Development Organization.
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