Israel Aerospace Industries Awarded a $777-Million LRSAM Contract
BEN GURION INTERNATIONAL AIRPORT, Israel (BulgarianMilitary.com) – IAI (Israel Aerospace Industries) announced yesterday, 24th October 2018, that the company has been awarded an $777-million contract for the supply of LRSAM (Long-Range Surface-to-Air Missile) defence systems, which is the marine version of the Barak-8 AMD (Air and Missile Defence) system, for seven ships of the Indian Navy, learned BulgarianMilitary.com
“This deal reflects the direction in which IAI is heading: business focus, profitability and growth. IAI’s partnership with India dates many years back and has culminated in joint system development and production. India is a major market for IAI and we plan to protest and reinforce our positioning in India, also in view of increasing competition. For its part, IAI management continually refreshes its business strategy while preserving the core capability and growth engines, of which the Barak 8 is an example,” said the CEO and President of IAI Nimrod Sheffer.
The contract was entered with Indian state-owned company Bharat Electronics Limited (BEL), which is the main contractor.
“We thank our partners in India and BEL for their choice of IAI in a project that best reflects the close technological cooperation between Israel and India. With this deal, the sales of the Barak 8 over the past few years total over $6 billion. This is another evidence of the capabilities of this advanced weapon system, which serves as a central growth engine for IAI,” shared the General Manager and Executive VP of Israel Aerospace Industries (IAI) Systems, Missiles & Space Group Boaz Levi and added, “Barak 8 is an operational system that provides a full response to a range of threats, built to cooperate with other systems, it provides customers with operational flexibility for maximum effectiveness on the battlefield.”
The LRSAM system is used for aerial and point defence against a wide range of threats to the marine arena from the air, sea or land. The system features several advanced systems such as digital radar, command and control, launchers, interceptors with modern RF seekers, data link and system-wide connectivity.
The Barak-8 AMD system was developed by IAI in partnership with the MoD of Israel, India’s Defense Research and Development Organization, the navies of both countries, IAI’s ELTA Group, Rafael, as well as local industries in India and Israel.
IAI is a global leader on the defence and commercial markets, providing advanced technologies and systems in all domains: air, space, land, sea, cyber, homeland security and ISR.
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