15 October 2012

News Story: Israel's IAI 'wins $958M India drone deal'


Israel Aerospace Industries, flagship of the Jewish state's defense sector, is reported to have secured a $958 million contract from India's military to upgrade its IAI-built Heron and Searcher unmanned aerial vehicles.

UAVs are one of the biggest money-spinners for Israel's defense industry and India, which is engaged in a massive multiyear rearmament program, is a key customer.

Israel's Globes business daily cited Indian media reports that the deal covers some 150 UAVs acquired from IAI since the 1990s that are operated by India's army, air force and navy.

Read the full story at SpaceDaily