State-owned defense contractor Israel Aerospace Industries said on Wednesday it signed a $50 million follow-up contract to provide complementary missile systems to the Indian navy and India's MDL Shipyard.
The agreement involves a range of maintenance and other services for sub-systems of Israel Aerospace's naval medium range surface-to-air missile.
"This contract is a breakthrough as it advances us from system development and delivery to looking after the operational needs of our customers," said Boaz Levi, general manager of the Systems, Missiles & Space Group at Israel Aerospace.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.