Israel announced on 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.
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The contract will be carried out, for the first time, with Bharat Electronics LtdBSE which serves as the main contractor in the project as part of India’s “Make in India” policy.
“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.