The deal for 40 firing units and about 200 missiles is valued at around Rs 17,000 crore.
Prime Minister Narendra Modi addresses an election campaign rally in Gonda district. (Photo: PTI)
New Delhi: The Cabinet Committee on Security, at a meeting chaired by Prime Minister Narendra Modi, gave the go-ahead for joint development of a medium-range surface-to-air missile for the Indian Army by the state-owned Defence Research and Development Organisation and Israel Aircraft Industries, reports said. The deal for 40 firing units and about 200 missiles is valued at around Rs 17,000 crore. Delivery will begin within 72 months of signing the contract.
( Source : deccan chronicle )
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