• Sunday, December 04, 2022

Business

India inks weapons deal worth nearly $2 billion with Israel

Israel exported $6.5 billion worth of weapons last year.

By: Sarwar Alam

India will buy nearly $2 billion worth of weapons technology from Israel in what’s being described as the “largest defence contract” ever signed by the military exporting giant. The deal will see state-owned Israel Aerospace Industries provide India with an advanced defence system of medium-range surface-to-air missiles, launchers and communications technology, the company said in a statement Thursday. The “mega” missile agreement is “considered to be the largest defense contract in Israel’s defense industries’ history”, the company said. The Israeli firm will also supply a naval defence system including long-range surface-to-air missiles for India’s first aircraft carrier, which is still…

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