Israel Aerospace wins $777 mln India contract for missile defence

  • Reuters
  • Stock Market News
Israel Aerospace wins $777 mln India contract for missile defence
Credit: © Reuters.

TEL AVIV, Oct 24 (Reuters) - State-owned Israel Aerospace Industries (IAI) ISRAI.UL said on Wednesday it has won an additional, $777 million contract for supply of LRSAM air and missile defence systems for seven ships of the Indian navy.

The contract was entered with Indian state-owned company Bharat Electronics Ltd (BEL) BAJE.NS , which serves as the main contractor in the project, IAI said.

The LRSAM, part of the Barak 8 family, is used by Israel's navy as well as by India's navy, air and land forces.

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