New Israeli defense sales in India worth hundreds of millions of dollars
Israel Aerospace Industries (IAI) has conducted new sales of drones, air defense and radar systems, and other products in India worth hundreds of millions of dollars over the past quarter, the Israeli defense firm announced on Thursday.
IAI’s follows India’s Defexpo 2016 exhibition in Goa, during which 28 Israeli defense-tech firms displayed products, including new radar and early warning systems against missiles and IEDs, at the event’s Israel pavilion.
“The sales signed in the past months strengthen India’s position as a major partner of IAI,” Joseph Weiss said, president and CEO of IAI who opened the Israel pavilion at the Indian defense-tech event on behalf of Israeli firms.
“India has unique operational requirements, and IAI is dedicating its best talents, technologies and capabilities to meet those challenges. We will continue our long-term, strategic partnership with India, meet our customers expectations and implement ‘Make In India’ policy led by India’s prime minister,” Weiss said.
The IAI says it has “expanded its operation and cooperation with [India’s] military branches, navy and air force, coast guard, border security and other agencies,” having sold many defense products to the Indian Ministry of Defense over the past 25 years.
The IAI says its cooperation with India also includes joint ventures and subcontracting agreements with various companies.
“This cooperation also spans to joint research and development, for example in the Barak-8 air-defense system, in its naval and land-based configurations, various radar systems, unmanned systems and more.”