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Published on: July 18, 2019 2:00 PM
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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
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