JERUSALEM, Oct 24 - A leading state-run Israeli defence company said on 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 IAI will supply Long-Range Surface-to-Air Missile (LR-SAM) Air and Missile Defense (AMD) systems, the marine version of the AMD system Barak 8, for seven ships of the Indian Navy, the report said.
The IAI is Israel�s largest aerospace and defence company. It develops, manufactures and supplies defence systems including anti-missile, aerial systems and intelligence and cybersecurity systems.
India maintains close relations with Israel�s defence establishment, and has entered into several substantial deals with Israeli defence companies.
IAI CEO and president Nimrod Sheffer said: �IAI�s partnership with India dates many years back and has culminated in joint system development and production. � PTI