India and Israel have agreed to develop an advanced-range surface-to-air missile in a $2.5 billion deal.
The missiles, with a range of 70km, will be capable of detecting and destroying hostile aircraft, missiles and spy planes.
The joint venture between the Defence Research and Development Organisation and Israel Aerospace Industries was approved by India’s Cabinet Committee on Security on Thursday.
Last year Israel supplied India with $1.6 billion worth of military equipment, and is the country’s second largest defence supplier after Russia.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData