Israel, India Conclude Arms Deal Worth Nearly US$2 Billion

India has inked a defense contract worth almost US$2 billion with Israel, reports Agence France-Presse.

The contract is worth US$1.6 billion for IAI and the rest to state-owned Rafael, for components, noted the Press Trust of India.

Under the deal, IAI will supply India with a medium-range surface-to-air missile system and communications technology, said the company on Thursday.

IAI will also provide a naval defense system that includes long-range surface-to-air missiles...