TIL Desk/World/Jerusalem-Israel has signed a USD 2 billion contract with India to supply it with missile defence systems, the state-owned Israel Aerospace Industries said today. Israel Aerospace Industries (IAI) in an announcement said that it has been awarded its largest defence contract of almost USD 2 billion for supplying advanced medium-range surface-to-air missile systems (MRSAM) to India.
IAI said it would also supply additional long-range air and missile defence systems (LRSAM) for the first locally produced Indian aircraft carrier. The contract is worth USD 1.6 billion for IAI, with the rest going to another state-owned defence company Rafael, that will be providing components for the systems.
“The current contracts represent an enormous expression of confidence by the government of India in IAI’s capabilities and advanced technologies, which are being developed with our local partners as part of the Indian government’s ‘Make in India’ policy,” IAI Chief Executive Officer (CEO) Joseph Weiss said in a statement.
