Post

India’s $525 Million Spike Missile Deal

India’s $525 Million Spike Missile Deal

India will buy anti-tank guided missiles from Israel, rejecting a rival bid from the U.S.  for its Javelin missiles. Defense Ministry sources stated that Modi’s government has placed orders for 8,356 Spike missiles and 321 launchers from Israel in a deal worth 32 billion rupees ($525 million). The Javelin is currently manufactured by Raytheon and Lockheed Martin.

“The Defense Acquisition Council took the decision based on purely technical reasons and based on hard facts,” said an unnamed defense ministry official. “The process of bringing them (equipment) here will be done over a period of time, in stages,” he added without giving details. India, the world’s biggest arms importer, is in the midst of a $100-billion defense upgrade program, whose pace has accelerated since the new  government was elected in May this year

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries