India cancels $500 ml defence deal: Rafael

Spike, in use by 26 countries around the world, is said to have been selected by India after a long and rigorous process and after complying with all the defence procurement regulations.

PTI
Jerusalem, Publish Date: Jan 4 2018 12:21AM | Updated Date: Jan 4 2018 12:21AM
India cancels $500 ml defence deal: RafaelRepresentational Pic

A top Israeli arms firm has confirmed that India cancelled a USD 500 million deal to develop Spike anti-tank guided missiles and expressed “regret” over the decision just ahead of Prime Minister Benjamin Netanyahu's first visit to the country.

“Rafael has now received an official notification from India's Ministry of Defence concerning the cancellation of the Spike deal,” Ishai David, a spokesman for the Rafael Advance Defence Systems Ltd, told PTI here.

Spike, in use by 26 countries around the world, is said to have been selected by India after a long and rigorous process and after complying with all the defence procurement regulations.

“It should be emphasised that the cancellation was made prior to the signing of the contract and despite Rafael's compliance with all the demands,” the company said in a statement.

“Rafael regrets the decision and remains committed to cooperating with the Indian Ministry of Defence and to its strategy of continuing to work in India, an important market, as it has for more than two decades, to provide India with the most advanced and innovative systems,” it added. PTI

 

x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine