140th Day Of Lockdown

Maharashtra53560136843518306 Tamil Nadu3086492506805159 Andhra Pradesh2445491547492203 Karnataka1886111055993398 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
Business Companies 24 Oct 2018 Israel Aerospace win ...

Israel Aerospace wins USD 777 million India contract for missile defence

REUTERS
Published Oct 24, 2018, 1:14 pm IST
Updated Oct 24, 2018, 1:17 pm IST
The contract is with the Bharat Electronics Ltd (BEL), which is the main contractor in the project.
Last year, IAI struck a deal worth almost $2 billion to supply India’s army and navy with missile defence systems. (photo credit: JACK GUEZ / AFP)
 Last year, IAI struck a deal worth almost $2 billion to supply India’s army and navy with missile defence systems. (photo credit: JACK GUEZ / AFP)

Tel Aviv: 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, the company said on Wednesday.

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, is an air and missile defence system used by Israel’s navy as well as India’s navy, air and land forces.

With this deal, sales of the Barak 8 over the past few years total over $6 billion, IAI said.

“IAI’s partnership with India dates many years back and has culminated in joint system development and production,” IAI Chief Executive Officer Nimrod Sheffer said. “India is a major market for IAI and we plan to ... reinforce our positioning in India, also in view of increasing competition.”

 

Israel’s and India’s leaders have pledged to deepen ties and the countries have been increasing cooperation in fields like agriculture and advanced technologies. Israel is also emerging as one of India’s biggest suppliers of weapons, alongside the United States and long-term partner Russia.

Last year, IAI struck a deal worth almost $2 billion to supply India’s army and navy with missile defence systems. This was followed by a $630 million contract with BEL to supply Barak 8 surface-to-air missile systems for four ships in the Indian navy.

 

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.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT