India scrapped a $500 million deal for the purchase of Spike anti-tank missiles from Israel’s state-run Rafale Advanced Defense Systems after Defence Research & Development Organisation (DRDO) promises to deliver Indian made alternative in two years.
Israel authorities were informed by the Indian officials about the contract being annulled in favour of DRDO as it claimed that with a partnership with VEM technologies Ltd, it would develop a similar missile at a lower price, reported the Indian Express.
Officials also told the newspaper that the production of domestic missiles by DRDO was favoured due to the fast progressive second stage of testing Man-Portable Anti-Tank Guided Missile (MPATGM).
DRDO claimed, according to the report, that the MPATGM was successfully test-fired at the Admednagar range last September. Read More