Israeli, Indian Firms Sign Agreement to Produce Air Defense Systems | Algemeiner.com
JNS.org – Israel’s Rafael Advanced Defense Systems and India’s Reliance Defense on Tuesday announced that they have agreed to establish a joint venture to produce air defense systems. The agreement, which is valued at more than $10 billion for the next decade, will produce air-to-air missiles, air defense systems, and observation balloons. Reliance will hold a majority stake in the joint venture at 51 percent, while Rafael will hold 49 percent. Rafael Director-General Maj.-Gen. (res.) Yoav…
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