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Israel signs $630-mln defence deal with India

JERUSALEM  – Israel announced Sunday it had reached a deal worth $630 million to provide India s navy with missile defence systems, following a record weapons sale between the two countries last month.

The new contract will see state-owned Israel Aerospace Industries supply LRSAM air and missile defence systems for four Indian naval ships, a statement from the company said.

IAI said the contract will be carried out with India s Bharat Electronics Limited, which will be the project s main contractor.

“The new contract adds to other deals signed in the last decade by IAI with India s defence forces, reinforcing IAI s global leadership position in air and missile defence systems,” IAI president and CEO Joseph Weiss said in a statement.

LRSAM is an advanced air and missile defence system, jointly developed by IAI and India s Defence Research and Development Organisation.

In April, IAI said India will buy nearly $2 billion worth of weapons technology from Israel in what was described as the “largest defence contract” ever signed by the military exporting giant.

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