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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.
