Israel signs missile deal with India worth $2 billion

Israel signs missile deal with India worth $2 billion

New Delhi: Israel Aerospace Industries (IAI) on Thursday announced the signing of contracts worth almost $2 billion for supply of medium range surface to air missiles (MRSAM) and missile defence systems to the Indian Army.

"In a mega-contract worth over $1.6 billion, considered to be the largest defence contract in Israel defence industries' history, IAI will provide an advanced MRSAM air and missile defence systems to the Indian Army," IAI said in a statement.

"The company will also supply additional Long Range SAM air and missile defence systems for the first built in India aircraft carrier," it said.