April 21, 2024
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India Reportedly Cancels $525 Million Missile Deal With Israeli Firm

(JNS.org) India has cancelled a $525 million missile deal with Israel, in a development that goes against the grain of the growing relations between the two countries, Indian media reported Monday.

India’s 2014 deal to purchase Spike anti-tank missiles from Israel’s Rafael Advanced Defense Systems has been overturned, The Indian Express reported. Instead, India’s Defence Research and Development Organisation reportedly plans to develop and produce its own anti-tank missile domestically.

India is Israel’s 10th-largest trade partner worldwide and its second-largest trade partner in Asia. In 2016, trade between Israel and India amounted to $4 billion.

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