Israel Aerospace Industries (IAI) today said, it has closed another major deal worth 630 million US dollar with India to supply advanced long range air and missile defence systems for four ships of the Indian Navy. State-owned, IAI said in Jerusalem that the contract is for supplying Long Range Surface to Air Missile (LRSAM) systems. <br/><br/>The LRSAM is a joint development by IAI and India's Defence Research and Development Organisation. The system provides the ultimate protection against a variety of aerial, naval and air borne threats. The deal, a major boost to the 'Make in India' campaign, will be jointly executed with Bharat Electronics Limited (BEL). Israel last month closed a two billion US dollar defence deal with India.
News On AIR | May 22, 2017 1:57 PM
Israel aerospace industries signs $630 million deal with India