from the September 2007 issue

Israel-India to develop $2.47b missile system

India and Israel will jointly develop a new generation of medium-range surface-to-air missiles in a $2.47 billion project that India hopes will secure its strategic assets, according to Indian press reports. The joint venture reportedly was approved by India's Cabinet Committee.In 2006 India bought $1.6 billion worth of Israeli military equipment.

The missile system, is expected to take four to five years to develop, It will be capable of detecting and destroying aircraft, missiles and drones at a range of 70 kilometers. Each of the 18 firing units will come equipped with a command and control center, acquisition radar, guidance radar and three launchers with eight missiles each.

The missile system development is an extension of a $480 million Israel Aerospace Industries project, launched in January 2006, to develop a supersonic 60-kilometer missile defense system for the Indian navy.

Reprinted from the Israel High-Tech & Investment Report September 2007

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