Connect with us

Hi, what are you looking for?

Jewish Business News

Business

India Set to Buy 4,500 Spike Missiles Worth $500 Million from Israel, Report

India is set to re-sign the deal with Israel to buy 4,500 anti-tank guided Spike missiles from Rafael Advanced Defense Systems, the “Hindustan Times” reports.

India is about to sign an agreement with Israel to buy 4,500 Spike anti-tank guided missiles worth $500 million, a government-to-government purchase, the “Hindustan Times” reports.

The agreement awaits final approval from the Modi government, ahead of Israel defense secretary Udi Adam’s visit to New Delhi next Monday, July 2, for one day, for the annual joint working group discussion on bilateral defense cooperation.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

The deal was originally set to purchase 8,000 Spike missiles, with 3,000 of the missiles to be manufactured in India. Israel refused to agree that so many of the missiles would be made in India. The contract was canceled.

India canceled $500 Million arms deal with Israel

The procurement was changed to the government-to-government route after Israeli Prime Minister Benjamin Netanyahu visited India on January. The contract has now been revised to direct purchase of 4500 weapon systems with a small quantity being manufactured in Hyderabad. India agreed to that term on grounds of commercial consideration, according to the Hindustan Times.

Spike missiles, which have a range from 800 meters to eight km, has developed and manufactured by Rafael Advanced Defense Systems Ltd.

While Udi Adam in India he will discuss the possibility of India purchase of two more Phalcon-Awacs deep penetration radar systems, mounted on the Russian IL-76 platform, for $1 billion. The “Hindustan Times” also reports that India already has three of the systems produced by Israel Aerospace Industries Ltd. (IAI) unit Elta Systems. Another possibility would be a deal with Israel Weapons Industries to produce TAVOR-21 assault rifles in India.

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...