In what is the “largest defense contract in the history of Israel’s defense industry,” Israel Aerospace Industries (IAI) announced Thursday that it signed a missile defense deal worth close to $2 billion with India.
The company said in a statement to media it will supply medium range surface-to-air missiles, launchers, and communications and control technology to India’s military for approximately $1.6 billion. An additional package that includes a naval defense system with long range surface-to-air missiles to be deployed on India’s first aircraft carrier is still being built, and brings the total close to $2 billion.
The contract constitutes the largest-ever defense deal between India and Israel, one of the top three arms suppliers to the southeastern Asian nation.