Ministry Of Defence Scraps $500 Million Israeli Missile Deal, Wants DRDO To Make In India


Asking the Defence Research and Development Organisation (DRDO) to indigenously develop and produce a Man-Portable Anti-Tank Guided Missile (MPATGM) for the Army, the Ministry of Defence (MoD) has decided to cancel the $500 million deal for Spike ATGM with Israel. The deal, seen as another proof of growing Indo-Israel defence cooperation, was expected to be signed after price negotiations with Rafael Advanced Defence Systems of Israel were completed last year.

In anticipation of this deal, Rafael had entered into a joint venture with Kalyani group for missile production in India. The missile sub-systems manufacturing facility, based near Hyderabad, was inaugurated in August.

Ministry sources told The Indian Express that the decision to cancel the deal was based on the consideration that importing a foreign ATGM at this stage would adversely impact the programme for indigenous development of the weapon system by DRDO. Earlier, India had also rejected an offer from US-based Raytheon-Lockheed Martin for Javelin ATGM in favour of the Israeli weapon system. Read More…

You may also read!

Pak NSA Blames US On Kashmir: ‘Nuclear War A Real Possibility’

Peeved at the US for backing India on the Kashmir issue, Pakistan's National Security Advisor (NSA) Lt Gen

Read More...

Dr G Satheesh Reddy, Ace Missile Scientist Bags The Prestigious National Design Award

Dr G. Satheesh Reddy, Scientific Adviser to Raksha Mantri and Director General, Missiles and Strategic Systems has been conferred

Read More...

Pak Steps Up Security After Church Attack Ahead Of Christmas

Pakistan today beefed up security around hundreds of religious places of minorities, including Hindu temples, a day after ISIS

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu