Guest
Welcome, Guest

Login/Register

Bookmark Bookmark

Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems

State-owned Israel Aerospace Industries (IAI) said it has inked a follow-up deal worth USD 50 million to supply complementary Naval MRSAM (medium range surface-to-air missile) systems to the Indian Navy and the Mazagon Dock Shipbuilders.


As per the agreement, signed this week, the IAI will provide complementary systems for the air defense system (ADS).


"The deal involves follow up order for a range of maintenance and other services for various sub-systems of IAI's advanced MRSAM ADS," the company said in a statement.


Boaz Levi, the executive vice president and general manager of Systems, Missiles & Space Group at IAI, described the deal as a major "breakthrough".


"This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers," Levi said.


About Israel


Capital- Jerusalem


Currency- Israeli new shekel


President- Reuven Rivlin


Prime Minister- Benjamin Netanyahu

You might be interested:

Shooter Anish Bhanwala wins gold in junior World Cup

Anish Bhanwala claimed the gold medal in 25m rapid fire pistol competition to continue India's dominance in the ISSF Junior World Cup in Suhl, Germany. Bhanwala topped the qualification with 584 and s ...

2 months ago

East Bengal to confer Kapil Dev with highest honour, host ceremonial farewell for Bhaichung Bhutia

India's first World Cup-winning cricket Captain Kapil Dev will be conferred East Bengal's highest honour, Bharat Gaurav, during its Foundation Day on August 1. The red-and-gold also plans to host a ce ...

2 months ago

Incredible India Campaign Wins Pata Gold Award 2019

The Incredible India "Find the Incredible You" campaign released globally by the Ministry of Tourism during 2018-19 has been declared winner of the PATA (Pacific Asia Travel Association) Gold Award 20 ...

2 months ago

One Liners of the Day, 18 July 2019

Days in Focus World Day for International Justice - July 17. International  On July 17, the Ministry of Commerce & Industry has been decided to establish fast-track system for companies an ...

2 months ago

Uikey, Harichandan appointed governors of Chhattisgarh and Andhra Pradesh

BJP leaders Anusuiya Uikey and Biswa Bhusan Harichandan were appointed as governors of Chhattisgarh and Andhra Pradesh respectively. A communique was issued by Rashtrapati Bhavan after President Ram N ...

2 months ago

India, Italy to set up fast-track mechanism to facilitate investment

A fast-track system would be set up for companies and investors of India and Italy to facilitate investment proposals in both the countries, the Commerce and Industry Ministry said. "In order to facil ...

2 months ago

Provide your feedback on this article: