In yet another major defence deal, the elite state-owned Israel Aerospace Industries (IAI) has won an additional $777 million contract to supply LRSAM air and missile defence systems to seven ships in the Indian navy.
This was confirmed by the company itself.
It need be mentioned that the contract is with the Bharat Electronics Ltd (BEL), which is the main contractor in the project, IAI said.
The LRSAM, part of the Barak 8 family and is an air and missile defence system used by Israel and Indian navies as well as air and land forces.
This comes close on the heels of S-400 missile defence systems agreement between India and Russia.
Both Israeli and Indian sides have pledged to deepen ties across the cutting tech areas including defence.
Israel is also emerging as one of India’s biggest suppliers of weapons.
The Barak 8 was developed by IAI in collaboration with Israel’s Defence Ministry, India’s Defence Research and Development Organisation, the navies of both countries, Israel’s Rafael and local industries in India and Israel.>