Israel announced Sunday it had reached a deal worth $630 million to provide India's navy with missile defence systems, following a record weapons sale between the two countries last month.

The new contract will see state-owned Israel Aerospace Industries supply LRSAM air and missile defence systems for four Indian naval ships, a statement from the company said.

IAI said the contract will be carried out with India's Bharat Electronics Limited, which will be the project's main contractor.

"The new contract adds to other deals signed in the last decade by IAI with India's defence forces, reinforcing IAI's global leadership position in air and missile defence systems," IAI president and CEO Joseph Weiss said in a statement.

LRSAM is an advanced air and missile defence system, jointly developed by IAI and India's Defence Research and Development Organisation.

In April, IAI said India will buy nearly $2 billion worth of weapons technology from Israel in what was described as the "largest defence contract" ever signed by the military exporting giant.

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US, Saudi agree arms deals worth almost $110 billion: White House
Riyadh (AFP) May 20, 2017
Washington has agreed arms deals with Saudi Arabia worth almost $110 billion, a White House official said Saturday, the first day of President Donald Trump's visit to the traditional US ally. "This package of defence equipment and services support the long-term security of Saudi Arabia and the Gulf region in the face of Iranian threats," the official said. It will also bolster the kingdo ... read more

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