US/World News

Israel Aerospace Industries signs arms contracts with India

(JTA) – Israel Aerospace Industries has signed arms contracts with India worth nearly $2 billion, including one for $1.6 billion that is the largest defense pact in the government defense industry’s history, the Israeli business daily Globes reported. The record contract will have IAI deliver an advanced MRSAM air and missile defense system to the Indian military. The deal also includes the sale of LRSAM air and missile defense systems to be built in India for its aircraft carriers, according to Globes. India’s prime minister, Narendra Modi, approved the purchase in February. Modi reportedly will visit Israel in June, the first by an Indian head of state. In a congratulatory phone call to Israel Aerospace Industries CEO Yossi Weiss, Israeli Prime Minister Benjamin Netanyahu called the deal “an expression of the growing ties between Israel and India.”

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