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11:18 AM, April 7, 2017
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IAI Signs $2 Billion Contract To Supply MRSAM Missiles To India
Barak-8 Medium Range Surface-To-Air Missile (Image: IAI)

Israel Aerospace Industries (IAI) has signed 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.

The MRSAM was developed jointly for the Indian Army by IAI and India’s Defence Research and Development Organisation (DRDO) in collaboration with RAFAEL and IAI/Elta, which worked with various Indian companies including BEL, L&T, BDL and other private vendors.

 

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