A leading state-run Israeli defence company said Wednesday it has signed a USD 777 million contract with India for the supply of Barak 8 long-range surface-to-air defence missiles and missile defence systems for the Indian Navy, media reports here said.
Israel Aerospace Industries (IAI) said India’s Bharat Electronics Limited (BEL) will be the main manufacturer for the project, Israeli business daily Globes reported.
The LRSAM, part of the Barak 8 family, is an air and missile defence system used by Israel’s navy as well as India’s navy, air and land forces.
With this deal, sales of the Barak 8 over the past few years total over $6 billion, IAI said.
“IAI’s partnership with India dates many years back and has culminated in joint system development and production,” IAI Chief Executive Officer Nimrod Sheffer said. “India is a major market for IAI and we plan to … reinforce our positioning in India, also in view of increasing competition.”
Israel’s and India’s leaders have pledged to deepen ties and the countries have been increasing cooperation in fields like agriculture and advanced technologies. Israel is also emerging as one of India’s biggest suppliers of weapons, alongside the United States and long-term partner Russia.
Last year, IAI struck a deal worth almost $2 billion to supply India’s army and navy with missile defence systems. This was followed by a $630 million contract with BEL to supply Barak 8 surface-to-air missile systems for four ships in the Indian navy.
The Barak 8 was developed by IAI in collaboration with Israel’s Defence Ministry, India’s Defence Research and Development Organisation, the navies of both countries, Israel’s Rafael and local industries in India and Israel.
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