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July 17, 2019 10:26 am

Israel Aerospace Signs $50 Million Follow-Up Deal With Indian Navy

avatar by Reuters and Algemeiner Staff

The logo of state-owned Israel Aerospace Industries (IAI), the country’s biggest defense contractor, is seen at its offices next to Ben-Gurion International Airport, near Or Yehuda, Israel, Feb. 27, 2017. Photo: Reuters / Baz Ratner.

State-owned defense contractor Israel Aerospace Industries said on Wednesday it signed a $50 million follow-up contract to provide complementary missile systems to the Indian navy and India’s MDL Shipyard.

The agreement involves a range of maintenance and other services for sub-systems of Israel Aerospace’s naval medium-range surface-to-air missile.

“This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers,” said Boaz Levi, general manager of the Systems, Missiles & Space Group at Israel Aerospace.

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