Israel Aerospace Industries finalize $630 million arms deal with India

Israel to provide India with arms, defense missile systems; Deal comes after $2 billion deal made between Israel and India in April.

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Israel announced this week that it has finalized a deal with India to provide missile defense systems.

Israel Aerospace Industries and Bharat Electronics Limited reportedly signed a $630 million dollar deal with India after years of negotiations. This deal comes just a few weeks after Israel signed its historic $2 billion arms deal with India. It was the largest arms deal made in Israel’s history.

Israel will provide multiple aircraft and helicopters, drones, and missile defense systems to India. Four Indian ships are to be equipped with Israel’s Barak 8 missile defense system.

According to Israel Aerospace Industries CEO, Joseph Weiss, “The new contract adds to other deals signed in the last decade by IAI with India’s defense forces, reinforcing IAI’s global leadership position in air and missile defense systems.”

The new deal is part of a collaborative agreement, referred to as part of the project “Make in India”, a “collaboration between India’s DRDO [Defense Research and Development Organization], IAI [Israel Aerospace Industries] and the defense forces of both countries. We will proceed to implementing it with joint efforts

Israeli-Indian economic and diplomatic relations continue to increase, with Israel becoming India’s main military and defense provider.

Last November, President Rivlin met with Prime Minister Narendra Modi and Indian officials as part of a 6-day tour to boost bilateral ties and trade agreements. During a press conference, Rivlin stated “We [India and Israel] have growing cooperation; in agriculture, in water, in solar power, in all of what you call the four-colored revolution, and many more areas as well. As we mark 25 years of our diplomatic relations, this is not just a partnership that we talk about. This is a partnership which is making a difference for Israelis and Indians in the water we drink, in the food we eat, in the technology we use, and many important areas of our lives. Prime Minister, you have called on the world, to ‘Make in India’. I am here to say: Israel is ready to answer this call. Israel is ready to ‘Make in India’, and Make with India.”