India Cancels $500 Million Missile Deal With IsraelNovember 21, 2017
Breaking Israel News:
India has cancelled a massive $500 million deal to purchase 8,000 anti-tank missiles from Israeli defense firm Rafael, Indian press reported on Monday.
India originally selected the Rafael Spike missile system in 2014, choosing to contract with the Israeli government-owned defense firm rather than accept a US offer to purchase its Javelin system.
The deal saw Rafael Advanced Defense Systems, which also developed the famous Iron Dome, open a production facility in India with its local partner this past August in order to begin manufacturing the Spike missiles. But according to the Indian Express, the Indian government has decided to turn the project over to the state instead, tasking India’s Defense Research and Development Organization with developing and producing the weapon.