India Today decided to buy an Israeli anti-tank missile, ‘Spike’ for INR 3200 crore (US$520 million approx) while rejecting the offer of the Raytheon-Lockheed Martin ‘Javelin’ missile.
The defence acquisition council (DAC) of the Indian MOD approved the purchase of the Israeli missile made by Rafael which has offered to co-produce the missile in India along with transfer of technology.
Just weeks before today’s DAC decision, the US had offered to discuss technology transfer and co-production. US defence secretary Chuck Hagel had come to New Delhi in a last-ditch attempt to hardsell the missile quoting the new impetus to Indo-US ties following the visit of Indian PM Modi to Washington.
Earlier the US had sought that India sign certain agreements which control the end-use of the missile which India had refused. Subsequenty the US had offered to "relax" certain foreign military sales rules to sweeten the deal.
The deal with Rafael will include 8,356 Spike anti-tank guided missile and 321 launchers. The missile will be initially brought to India in a knocked down condition and assembled here. Subsequently it would be made in India under transfer of technology (ToT) to Bharat Dynamics Limited, a government owned company.
The Indian army needs about 40000 missile to equip the Army's 382 infantry battalions and 44 mechanised infantry units.
The final take for Rafael could be to the tune of US$1.5 billion.
Spike is a man-portable 'fire and forget' anti-tank missile that locks on to its target. It can be used against tanks and armoured personnel carriers. Its competitor, Javelin is one of the most successful man portable missiles in the international market having been sold to several US allies.
India has begun working on an indigenous man-portable anti-tank guided missile (ATGM), despite a U.S
Raytheon and Lockheed Martin successfully tested the Javelin Weapon System as an anti-tank guided missile, which is part of Indian Army and U.S
The United States is likely to bend its Foreign Military Sales (FMS) rules by offering the Lockheed Martin- Raytheon manufactured Javelin Anti-tank guided missile(ATGM) in a tender for approximately 1000 units of the highly effective ATGM. India had floated a tender in which the Israeli Spiker missile is also a contender
An Israeli Air Force (IAF) developed system will allow better tracking of the performances of UAVs of the "Heron 1" and "Hermes 450" models. "We will be able to understand the malfunctions better and maybe even prevent them from happening", an IAF release said
Israel is likely to order 12 to 15 in the purchase of a second squadron of advanced F-35 fighter jets from the US as against the earlier deal of 31 aircrafts, local media reported. Strategic Affairs Minister Yuval Steinitz was quoted as saying by Haaretz, Israeli daily earlier this month that “the money for the highly-touted deal should instead be spent developing Israels drone force and buying more relatively inexpensive rockets that can be launched from the air, sea, or land
Israeli defense minister Moshe Yaalon has announced the scrapping of a multi-billion-dollar arms deal which includes the procurement of six V-22 Osprey aircraft from the US, local media reported Thursday. The decision to scrap the deal signed last year was taken after Yaalon was reportedly shunned by Washington officials during his visit to the US
A day after the Indian Ministry of Defense cleared proposals worth $13 billion, shares of local arms manufacturers rose as much as 8.6 per cent Monday
The Indian Defence Acquisition Council (DAC) Saturday approved the purchase of 362 BMP-2 “Sarath” infantry combat vehicles worth $293 million. The Indian Army has more than 1500 BMP-2 vehicles currently operational in various roles, such as armored ambulance, armored vehicle tracked light repair, armored amphibious dozer (AAD), armoured engineer reconnaissance vehicle (AERV), NBC reconnaissance vehicle (NBCRV), carrier mortar tracked, and unmanned reconnaissance vehicle
Partnerships between Indian and foreign arms manufacturers have shown a distinct upward trend in the past few months. Perhaps enthused by the hike in foreign investment limit from 26% to 49% and the Modi governments thrust to domestic manufacture of defence equipment, an increasing number of international firms are scouting for local partners
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