Israel signs $777 million missile defence deal with India

TIL Desk/World/Tel Aviv/ A leading state-run Israeli defence company said on Wednesday it has signed a $777 million (Rs 5,677 crore) 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 said.

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

The IAI will supply Long-Range Surface-to-Air Missile Air and Missile Defense 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.