23 October 2019 - 25 Tishri 5780 - כ"ה תשרי ה' אלפים תש"פ
More military sales in India E-mail

According to local media reports, Israel-based Rafael Advanced Defense Systems Ltd will be awarded a contract to supply 4,500 Spike anti-tank guided missiles to India’s Ministry of Defence for US$500 million.

The Hindustan Times reported that the deal awaits final approval from India’s government. India originally wanted to purchase 8,000 Spike missiles, with 3,000 of the missiles to be manufactured in India. But the deal was called off, because Israel did not agree that so many of the missiles should be made in India.

The deal was reportedly renegotiated in January in government-to-government talks when Israeli Prime Minister Benjamin Netanyahu visited India. The new deal was for a much smaller number of missiles to be manufactured in India.

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