Israel Aerospace signs $50 million deal with Indian navy

Israel Aerospace signs $50 million follow-up deal with Indian navy. Under the deal, Israel Aerospace Industries will provide complementary missile systems to the Indian navy and India’s MDL Shipyard.

The agreement also involves a range of maintenance and other services for sub-systems of Israel Aerospace’s naval medium range surface-to-air missile.

Static/Current Takeaways Important For SBI PO/Clerk Mains:

  • Chief of the Naval Staff: Admiral Karambir Singh.
  • Capital of Israel: Jerusalem; Currency: Israeli new shekel.

Source: The Economic Times

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