Israel Aerospace Industries signs $630 million deal with India

Posted on:23 May 2017 11:53:17
Israel Aerospace Industries signs $630 million deal with India
23 May 2017 Current Affairs:

  • Israel Aerospace Industries (IAI) signed a $ 630 million deal with the Indian State-owned aerospace and defense company Bharat Electronics Limited (BEL).

  • This deal was a part of the Make in India initiative, BEL will be used as the main contractor for the project.

  • Israel's Barak 8 long-range surface-to-air missile system was successfully tested aboard an Indian Navy ship.


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