IAI Signs $777M Contract for Barak 8 LRSAM Systems with India’s State-Owned BEL
The marine version of the Barak 8 air and missile defense system will be fitted on seven ships of the Indian navy. “IAI’s partnership with India dates many years back and has culminated in joint system development and production,” said CEO & President Nimrod Sheffer
IsraelDefense
| 24/10/2018
Barak-8 missile being test-launched (Archive photo: IAI)
Israel Aerospace Industries (IAI) announced today it has been awarded an additional, $777 million contract to supply LRSAM Air & Missile Defense systems (the marine version of the Barak 8 AMD system) for seven ships of the Indian navy. The contract was signed with Indian state-owned company Bharat Electronics Limited (BEL) which serves as the main contractor in the project.
The LRSAM system is an operational AMD system used by the Israeli Navy as well as by India's naval, air and ground forces. It provides broad aerial and point-defense against a wide range of threats to the marine arena from the air, sea or land. The system integrates several advanced systems as digital radar, command and control, launchers, interceptors with modern RF seekers, data link and system-wide connectivity.
“This deal reflects the direction in which IAI is heading: business focus, profitability and growth,” said Nimrod Sheffer, IAI CEO & President. “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.”
Boaz Levi, Executive Vice President and General-Manager of Systems, Missiles & Space Group, said, “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. 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.”
Barak-8 AMD system was developed by IAI in collaboration with Israel's MOD, India’s DRDO (Defense Research and Development Organization), the navies of both countries, IAI’s ELTA Group, Rafael Advanced Defense Systems and local industries in India and Israel.
The marine version of the Barak 8 air and missile defense system will be fitted on seven ships of the Indian navy. “IAI’s partnership with India dates many years back and has culminated in joint system development and production,” said CEO & President Nimrod Sheffer
Barak-8 missile being test-launched (Archive photo: IAI)
Israel Aerospace Industries (IAI) announced today it has been awarded an additional, $777 million contract to supply LRSAM Air & Missile Defense systems (the marine version of the Barak 8 AMD system) for seven ships of the Indian navy. The contract was signed with Indian state-owned company Bharat Electronics Limited (BEL) which serves as the main contractor in the project.
The LRSAM system is an operational AMD system used by the Israeli Navy as well as by India's naval, air and ground forces. It provides broad aerial and point-defense against a wide range of threats to the marine arena from the air, sea or land. The system integrates several advanced systems as digital radar, command and control, launchers, interceptors with modern RF seekers, data link and system-wide connectivity.
“This deal reflects the direction in which IAI is heading: business focus, profitability and growth,” said Nimrod Sheffer, IAI CEO & President. “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.”
Boaz Levi, Executive Vice President and General-Manager of Systems, Missiles & Space Group, said, “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. 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.”
Barak-8 AMD system was developed by IAI in collaboration with Israel's MOD, India’s DRDO (Defense Research and Development Organization), the navies of both countries, IAI’s ELTA Group, Rafael Advanced Defense Systems and local industries in India and Israel.
