He Ru Follow us: Make a7 your Homepage
      Free Daily Israel Report
      YouReport, Send us News & updates

      Arutz 7 Most Read Stories


      IAI Signs Huge Arms Deal With India

      Israel Aerospace Industries (IAI) won a massive $1.4 billion, 13-year contract to develop air defense systems for India.
      By Malkah Fleisher
      First Publish: 3/30/2009, 2:58 PM

      Israel News Archive

      Israel Aerospace Industries (IAI) won a massive $1.4 billion, 13-year contract to develop air defense systems for India.

      As part of the deal, Israel will develop and build land and sea-based anti-missile systems, including 2,000 Barak Mark VIII missiles.  Up to 30 percent of the contract will be spent procuring military and aviation materials and services through Indian companies.

      In India, the Communist Party of India (Marxist) (CPI-M), a staunchly pro-Muslim opposition party, has spread rumors that the deal between India and Israel includes kickbacks and is corrupt. The party is demanding that India's Central Bureau of Investigation probe the contract.

      The All India Congress Committee (AICC), presidium of the leading Indian National Congress Party, called CPI-M's charges "preposterous, unsound and baseless," according to the Press Trust of India.