Israel Aerospace signs $50 million follow-up deal with Indian navy

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Israel Aerospace signs $50 million follow-up deal with Indian navyJERUSALEM: State-owned defense contractor Israel Aerospace Industries said on Wednesday it signed a $50 million follow-up contract to provide complementary missile systems to the Indian navy and India's MDL Shipyard.

The agreement involves a range of maintenance and other services for sub-systems of Israel Aerospace's naval medium range surface-to-air missile.

"This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers," said Boaz Levi, general manager of the Systems, Missiles & Space Group at Israel Aerospace.