Aerospace Group:

IAI Wins $630 Million Sale Of LRSAMs To India

Friday, May 26th, 2017

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The Indian government company Bharat Electronics Limited (BEL) awarded Israel Aerospace Industries (IAI) a $630 million contract to supply the Long-Range Surface-to-Air Missile (LRSAM) systems for use in four Indian navy ships, the company said on May 21.BEL serves as the main contractor in this project as part of India’s “Make in India” policy.The LRSAM is an air and missile defense system based on the Barak 8 surface-to-air missile. These systems were jointly developed by IAI and India’s Defence Research and Development Organisation (DRDO)…

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