Indian army finalises $40m deal with IMI
NEW DELHI: The Indian Army has finalised a deal worth $40 million with the Israeli Military Industries (IMI) for the development of its Russian-made rocket systems. According to media reports quoting Brig-Gen (r) Arie Mizrachi, IMI chairman, the initial deal is worth $30-40 million but could be expanded to as much as to $1 billion over the next five years. The deal was signed to upgrade Russian-made rockets with Israeli technology to improve their precision and range, the reports said.
Israel is also negotiating to strike a $230 million deal with India under which it would sell 50 Eagle or Heron unmanned aerial vehicles to New Delhi. Eagle or Heron are Medium-Altitude Long-Endurance type unmanned aerial vehicle (UAV) commonly referred to as a drone that can operate at a distance of more than 1,000 kilometres and at altitudes above 25,000 feet for over 24 hours, providing real-time intelligence. The system also features automatic take-off and landing, integrated mission planning and sensor technology and simultaneously can carry a wide range of payloads.