Israel Aerospace Industries Announces Agreement With Indian Navy and Cochin Shipyard

Israel Aerospace Industries (IAI) announced entering into agreements worth $93 million this for providing Naval Medium Range Surface-to-Air Missile (MRSAM) systems to India. The contracts for the air defence system were entered with the Indian Navy and the Cochin Shipyard.

Under the contracts, IAI will provide complementary systems for the air defense system. They involve follow up orders for a range of maintenance and other services for various sub-systems of IAI’s advanced MSRAM ADS.

Source- The Economic Times

Static/Current Takeaways Important For NIACL AO Mains Exam:

  • Israel Capital: Jerusalem, Currency: Israeli new shekel.

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