Israel signs USD 777 mn missile defence deal with India


Team Udayavani, Oct 24, 2018, 4:43 PM IST

Jerusalem: A leading state-run Israeli defence company said Wednesday it has signed a USD 777 million contract with India for the supply of Barak 8 long-range surface-to-air defence missiles and missile defence systems for the Indian Navy, media reports here said.

Israel Aerospace Industries (IAI) said India’s Bharat Electronics Limited (BEL) will be the main manufacturer for the project, Israeli business daily Globes reported.

The IAI will supply Long-Range Surface-to-Air Missile (LR-SAM) Air and Missile Defense (AMD) systems, the marine version of the AMD system Barak 8, for seven ships of the Indian Navy, the report said.

The IAI is Israel’s largest aerospace and defence company. It develops, manufactures and supplies defence systems including anti-missile, aerial systems and intelligence and cybersecurity systems.

India maintains close relations with Israel’s defence establishment and has entered into several substantial deals with Israeli defence companies.

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

“For its part, IAI management continually refreshes its business strategy while preserving the core capability and growth engines, of which the Barak 8 is an example,” the daily quoted Sheffer as saying.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board

After Yogi’s ‘batenge, katenge’ slogan, PM pitches for unity with ‘Ek hai, toh safe hai’ message

“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy

Mangaluru: Unauthorized bus stops at signals fuel traffic woes and safety concerns

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Related Articles More

‘America of your dreams calling’: Biden to Democratic supporters

Indian consulate in Canada cancels consular camps due over security issues

Hindu temple in Brampton suspends priest for spreading ‘violent rhetoric’

President Xi congratulates Trump; says China, US should find ‘right way’ to manage differences

Harris, Trump agree on importance of unifying country as they speak over phone

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board

Use Carnatic music to promote Kannada language: Nirmala Sitharaman

Udupi: Car collides with bike; Rider injured

UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair

NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.