Bhai Zakir
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Post - Barak Missile Bribery Clean Chit, Israel Expects $5 Billion in Defence Exports to India
Israeli defense exports to India worth an estimated $5 billion are likely following the closure of the Barak-I missile bribery investigation against Israel Aircraft Industries (IAI) and RAFAEL for want of evidence.
Had the investigation gone through it would have meant sanctions and blacklisting of the two companies which rank among India’s biggest defense hardware exporters.
Israel which already takes home about $1 billion in arms sales each year is likely to get a further $5 billion in new contracts of which an approximate $3.5 billion is for known contracts.
The Indian MoD is finalizing a decision on the procurement of 8400 Spike anti-tank guided missile (ATGM) worth $1.5 billion. The DAC is expected to reach a decision soon, according to various reports.
The two countries continue to work on several projects together including the project with the DRDO to develop long-range surface-to-air missile (LR-SAM) system worth $424 million and a medium-range SAM system worth $1.64 billion for Indian warships and the air force respectively.
Post - Barak Missile Bribery Clean Chit, Israel Expects $5 Billion in Defence Exports to India
Israeli defense exports to India worth an estimated $5 billion are likely following the closure of the Barak-I missile bribery investigation against Israel Aircraft Industries (IAI) and RAFAEL for want of evidence.
Had the investigation gone through it would have meant sanctions and blacklisting of the two companies which rank among India’s biggest defense hardware exporters.
Israel which already takes home about $1 billion in arms sales each year is likely to get a further $5 billion in new contracts of which an approximate $3.5 billion is for known contracts.
The Indian MoD is finalizing a decision on the procurement of 8400 Spike anti-tank guided missile (ATGM) worth $1.5 billion. The DAC is expected to reach a decision soon, according to various reports.
The two countries continue to work on several projects together including the project with the DRDO to develop long-range surface-to-air missile (LR-SAM) system worth $424 million and a medium-range SAM system worth $1.64 billion for Indian warships and the air force respectively.
Post - Barak Missile Bribery Clean Chit, Israel Expects $5 Billion in Defence Exports to India
