Israel Aerospace Industries (IAI) was been awarded $777 million (680 million euro) order from India to buy defense systems for its navy.
The State-owned IAI, Israel’s largest defense firm confirmed in Wednesday, 24th October 2018, that it had won the contract to supply India’s navy with missile defense systems.
Israel is among the world’s top arms dealers, with nearly 60 percent of its defense exports destined to the Asia-Pacific region, according to Israeli defense ministry figures.
Russia remains India’s largest military arms supplier. During a visit last week, President Vladimir Putin won an order for the S-400 surface-to-air missile defense system, worth $5.2 billion according to an Indian source.
Washington and New Delhi announced plans last month for joint military exercises in 2019 and the United States is now India’s second-biggest military hardware supplier.