India and Israel are close to signing a deal for Spike Anti-Tank Guided Missiles (ATGM) worth an estimated INR3200 Crore (US$500 million approx).
The deal is expected to be on the anvil when Indian Prime Minister Narendra Modi visits Israel next month. Ahead of Modi's visit, Chief of Indian Naval Staff, Admiral Sunil Lanba left yesterday for Tel Aviv on a four day official visit.
The move is the latest in a series of big-ticket defense contracts that were approved recently. “The Spike deal is not yet sealed, but it is almost done. We expect to conclude it very soon,” an official was quoted as saying by The Hindu Sunday.
The purchase of Spike missiles was approved by the Defence Acquisition Council (DAC) in October 2014, but negotiations on the contract ran into trouble over cost and technology transfer.
The deal includes 8,000-plus missiles, 300-plus launchers and technology transfer. Further, the deal is likely to expand as the Army aims to equip its 382 infantry battalions and 44 mechanised regiments with new missiles.
According to information presented in Parliament by Minister of State for Defence Subhash Bhamre in March, during 2015-16 and 2016-17 (till February 2017), 37 contracts have been signed with vendors of various countries for capital procurement of defence equipment.
Seven contracts have been signed with Israel, keeping it second to US with whom nine contracts have been signed.
Israel's Ministry of Defense recently sent a letter to the US Department of Defense to complete the purchase of 17 F-35 jets, Israel's Walla News reported on Thursday. Each plane costs approximately US$100 million
South Korea's Raybolt medium-range anti-tank guided missile (MR-ATGM) has passed quality tests and is planned for local procurement and export where it will compete against the US Lockheed Martin-made Javelin and the Israeli Rafael-made Spike-MR ATGMs. The nation's arms procurement agency, Defense Acquisition Program Administration (DAPA) hopes to export the advanced Fire & Forget-type weapon, saying it's smaller and lighter, but more powerful and effective than similar foreign weaponry, such as Israel's
Israel-based Aeronautics Group will present its newly manufactured UAS ‘Orbiter 4 that can carry and operate two different payloads simultaneously, at the Paris Air Show. The Orbiter 4 can carry a maritime patrol radar (MPR) together with a cellular interception sensor, and conduct land or maritime ISTAR missions beyond Line Of Sight
Israel has stepped up the negotiation talks with Italy for the purchase of new helicopters from the Italian firm Leonardo on a condition of reciprocal defense procurement between the governments. Leonardo is offering to sell its new training helicopters to Israel
India is considering purchase of Israels Spike anti-tank guided missiles (ATGMs) through the government-to-government (G-to-G) route, two months after it decided to cancel a deal to procure the weapons. In November, the defence ministry had decided to retract the process to acquire a batch of Spike missiles from Israeli firm Rafael Advanced Defence Systems, a deal which would have been worth $500 million, after the Defence Research and Development Organization (DRDO) expressed confidence of producing the indigenous Nag ATGM
The Indian defence ministry has decided to scrap a $500 million deal with Israel to procure Spike Anti-tank Guided Missiles (ATGM) and will ask Defense Research and Development Organization (DRDO) to develop and produce Man-Portable Anti-tank Guided Missile (MPATGM) for the Army. “DRDO has successfully produced the Nag and Anamika ATGMs
Indias locally-made Anti Tank Guided Missile (ATGM), Nag was today flight tested twice by the Defence Research and Development Organization (DRDO) against two different targets in the test ranges of Rajasthan. The ATGM Nag missile has successfully hit both the targets under different ranges and conditions with very high accuracy as desired by the Armed Forces, a government release said
Rafael has opened a missile manufacturing plant in India along with its Indian partner Kalyani Strategic Systems. The factory would manufacture Spike anti-tank missiles which are part of half a billion dollar deal with India, the company said in a statement Thursday
Indian air force is planning to hold 'limited trials' of the US fighter jet F-16 and Swedish Gripen as part of its selection process to identify a foreign partner to build 120 combat planes in India under a $20 billion deal. Both the fighter jets have undergone extensive trials seven years ago while Indian air force was evaluating them to buy 126 medium multirole combat aircraft (M-MRCA),
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