Israel Aerospace Industries announced Wednesday it has received a $777 million contract to supply long range surface-to-air missile defense systems for seven ships in the Indian navy.

Indian state-owned company Bharat Electronics Limited inked the deal with IAI.

"India is a major market for IAI and we plan to protest and reinforce our positioning in India, also in view of increasing competition," Nimrod Sheffer, CEO and president at IAI, said in a press release. "For its part, IAI management continually refreshes its business strategy while preserving the core capability and growth engines, of which the Barak-8 is an example".

The LRSAM system belongs to the Barak-8 family of air missile defense systems, which the Israeli navy uses on its vessels. The system includes a digital radar, command and control, launchers and interceptors with modern RF seekers. It delivers broad aerial and point defense against threats from the air, sea or land.

India's DRDO Defense Research and Development Organization developed the Barak-8 AMD system in collaboration with IAI, Israel's ministry of defense, each country's naval forces and local companies in India.

According to the IAI, Barak-8 sales have climbed to more than $6 billion.

This latest deal comes a year after IAI signed a $2 billion to supply India's army and navy with missile defense systems, followed by a $630 million contract to provide Barak-8 surface-to-air missile systems to four Indian navy ships.

Related Links
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Raytheon awarded $62M for foreign military AMRAAM refresh
Washington (UPI) Oct 22, 2018
Raytheon Missile Systems has been awarded a contract modification by the Air Force for work on the Advance Medium Range Air to Air Missile, or AMRAAM, for several foreign militaries. The $62 million contract modification, awarded Friday by the Department of Defense, covers Phase 5 activities for drawings for the form, fit and function refresh of AMRAAM guidance sections under a foreign military sales agreement for Australia, Norway, Japan, Romania and Turkey. Currently, 37 countries have ... read more