State-owned Israel Aerospace Industries (IAI) on Wednesday said it has inked a follow-up deal worth $50 million to supply complementary Naval MRSAM (medium range surface-to-air missile) systems to the Indian Navy and the Mazagon Dock Shipbuilders.
As per the agreement, signed this week, the IAI will provide complementary systems for the air defence system.
“The deal involves follow up order for a range of maintenance and other services for various sub-systems of IAI’s advanced MRSAM ADS,” the company said in a statement.
Boaz Levi, the executive vice president and general manager of Systems, Missiles & Space Group at IAI, described the deal as a major “breakthrough”.