[Times of India] In its biggest defense deal with India, Israel will provide an air defense system for $1.4 billion. Under the deal signed on Feb. 27, Israel Aerospace Industries (IAI) will develop and manufacture seaborne and shore-based systems against missile attack on India. IAI has also undertaken to procure military or aviation products and services from India, and will invest in defense companies in India up to an amount equal to 30% of the contract.
2009-03-27 06:00:00Full ArticleBACK Visit the Daily Alert Archive