State-owned defense contractor Israel Aerospace Industries said on Wednesday it signed a $50 million 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 subsystems of Israel Aerospace's naval medium-range surface-to-air missile.
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Boaz Levi, executive vice president and general manager of IAI's Systems, Missiles & Space Group, said, "IAI's partnership and strong relationship with the Indian Navy is reflected in all activities with our partners in India. Only recently we have successfully completed a multi-system trial in India that demonstrated the advanced technological centralized management capabilities of the air defense system to the utmost satisfaction of our Indian partners. This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers."
The MRSAM family is an operational air-defense system used by the Israeli Navy as well as by India's naval, air and ground forces. It has been uniquely developed by IAI in collaboration with Israel's Defense Ministry, India's Defense Research and Development Organization, IAI's ELTA group, Rafael Advanced Defense Systems Ltd., and additional companies in India and Israel.
MRSAM provides broad as well as topical defense against a range of assault air, marine and ground threats and comprises several key state-of-the-art systems, including a digital radar, command and control, launchers, and interceptors with advanced homing seekers.
To date, more than $6 billion worth of MRSAM systems have been sold worldwide.
