Kalyani Rafael bags $100 mn contract for Barak missiles
Kalyani Rafael Advanced Systems (KRAS) -- a joint venture between Indian conglomerate Bharat Forge and Israeli defence firm Rafael Advanced Defence Systems has received a $100-million contract from the Israeli firm to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and Air Force.
While KRAS will manufacture the Barak-8 MRSAM at its Hyderabad facility, it will be further assembled by the Ministry of Defence-owned Bharat Dynamics (BDL) in Telangana.
KRAS will also manufacture and supply Spike anti-tank guided missiles (ATGMs), Israeli-developed guidance kit for precision bombs SPICE and SPYDER mobile air defence system at its Hyderabad facility.
SPICE -- Smart, Precise Impact and Cost Effective converts unguided bombs to precision-guided bombs. Indian Air Force used SPICE in the Balakot air strikes.
KRAS has already supplied hundreds of SPICE kits to Indian Air Force from its Hyderabad facility.
"The Make in India initiative of PM Modi is game-changing and though it's just a few years old it has given a tremendous boost to the manufacturing sector. We hope to further increase our capacity and focus on exporting our products, Baba Kalyani, chairman, Kalyani Group, said.
Pini Yungman, executive vice-president and general manager, air and missile defence systems division, Rafael termed the deal as a step forward in the friendship between Israel and India.