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Wednesday , 20 September 2017
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Israel signs USD 2 Billion Missile deal with India

Israel has signed a nearly $2 billion (Rs 13,000 crore) deal with India to supply advanced missile defence systems. This is a record deal for both the nation and would help in bolstering bilateral military ties. This is the largest in Israel’s defence industries’ history. The state owned Israel Aerospace Industries(IAI) will provide advanced medium-range surface-to-air missile systems (MR-SAM) to the Indian Army.

IAI said it would also supply additional long-range air and missile defence systems (LRSAM) for the first locally produced Indian aircraft carrier.The MR-SAM, a land-based version of the LRSAM, will have a strike range of up to 70 km.

India is Israel’s largest buyer of military hardware which is known for its technology and sophistication. Out of USD 2 Billion, 1.6 Billion is for IAI and 400 Million deal is with Rafael which will provide the components for the system. President Reuven Rivlin, who is said to have discussed the deal with Indian leaders during his trip to India early this year, congratulated Weiss on the ‘historic’ deal terming it truly ‘exceptional’.

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