Israel Aerospace Lands Biggest Defense Contract Ever

YERUSHALAYIM -
Israel, Aerospace, Defense Contract, India
Barak 8 seen in a June 2016 test launch.

Israel Aerospace Industries announced on Thursday a deal with India for almost $2 billion, the largest contract in the history of Israel’s defense industries.

The agreements include a transaction worth over $1.6 billion for an advanced MRSAM air and missile defense system (Barak 8) to the Indian Army. The company will also supply additional LRSAM air and missile defense systems to be built in India for Indian aircraft carriers.

MRSAM includes an advanced phased-array radar, command and control, mobile launchers and missiles with advanced RF seekers. MRSAM was developed jointly for the Indian Army by IAI and India’s Defense Research and Development Organization (DRDO) in collaboration with Rafael Advanced Defense Systems and IAI’s ELTA unit, as well as Indian companies including BEL, L&T, BDL and other private companies.

IAI president and CEO Joseph Weiss said, “Over the past 25 years, IAI has worked with the Indian defense industries and armed forces in many areas as part of our strategic partnership. The current contracts represent an enormous expression of confidence by the government of India in IAI’s capabilities and advanced technologies, which are being developed with our local partners as part of the Indian Government’s ‘Make in India’ policy. We continue to stand with our partners in India at the forefront of technology for the defense and security of both our countries.”