Israel and India sign defence deal worth $50 million


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Israel and India sign defence deal worth $50 million

Israel Aerospace Industries (IAI), Israel's national defence contract company has signed a $50 million contract with India, Reuters reported on Wednesday, 17th June. The contract will see Israel provide Naval Medium-Range Surface-to-Air Missile (MRSAM) systems to the Indian navy, and to the Mazgaon Dock Shipbuilders Ltd.

(MDL) company. The company will also provide a complementary system to the existing Air Defence Systems. In its press release, the IAI said the contract was a follow-up on providing maintenance support for the company's naval medium-range surface-to-air missiles' sub-systems currently used in Indian naval roster.

As such, as per the terms of the contract agreement, Israel Aerospace will provide necessary maintenance support and other ancillary service support to the IAI's operational naval MRSAM systems. Speaking to Reuters about the agreement, Israel Aerospace's General Manager Boaz Levi said, "This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers.IAI's partnership and strong relationship with the Indian Navy are reflected in all activities with our partners in India.

Only recently we have successfully completed a multi-system trial in India that demonstrated the advanced technological centralised management capabilities of the air defence system to the utmost satisfaction of our Indian partners."