Thursday, February 2nd | 11 Shevat 5783

February 18, 2015 11:04 am

India Close to Finalizing Defense Deals With Israel Worth Over $1.5 Billion

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A Eurofighter from the 2011 Aero India show. India is in the process of closing several defense deals with Israel.

Times of India – India is close to finalizing several major defense deals with Israel, including the ones for two additional Phalcon AWACS (airborne warning and control systems) and four aerostat radars, together worth well over $1.5 billion (Rs 9,330 crore).

This comes even as Israeli defence minister Moshe Ya’alon is all set to touch down in India on Tuesday, the first such ministerial visit after the two countries established full diplomatic ties in 1992, as earlier reported by TOI. Ya’alon, accompanied by director-general of his ministry Major Gen (retd) Dan Harel and CEOs of Israeli arms companies, will hold meetings with his Indian counterpart Manohar Parrikar and others as well as visit the Aero-India show at Bengaluru from February 18 to 22.

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