Sat. Apr 4th, 2020
Israel Aerospace Industries Reveals $50 Million Follow-Up Deal

Israel Aerospace Industries Reveals $50 Million Follow-Up Deal

Israel Aerospace Industries (IAI), a state-owned company, disclosed that it has finalized a follow-up agreement with the Indian Navy and Mazagon Dock Shipbuilders. Reportedly, this is a $50-million agreement that is intended to provide complementary naval medium-range surface-to-air missile (MRSAM) systems to Mazagon Dock Shipbuilders and the Indian Navy. According to the agreement finalized this week, the IAI is supposed to supply complementary systems for the air defense system (ADS).

In a statement, the company revealed that the latest deal incorporates the follow-up order of numerous maintenance and other services for a range of sub-systems of IAI’s advanced MRSAM ADS. Boaz Levi, who is the Executive Vice President and General Manager of Systems for Missiles & Space Group, IAI, stated that this deal is a breakthrough as it advances the firm from system development and delivery to managing the functional needs of its customers.

On a similar note, last week, the launch of Chandrayaan-2—India’s second mission to the Moon—was canceled due to a technical error. Perhaps, this launch will take place soon after this month. The Indian Space Research Organisation (ISRO) has rectified the error successfully. The agency is looking forward to the launching of the much-awaited mission before the end of July, sources stated.

The launch of Chandrayaan-2 was planned this week onboard the GSLV Mk-III rocket. However, due to technical issues, it was stopped about one hour before the lift-off. B R Guruprasad, Associate Director (Public Relations), ISRO, had stated that at t-minus 56 Minutes, a technical error was noted in the launch vehicle system. So, as a precautionary measure, Chandrayaan-2 launch was canceled. An ISRO official had said that the new launch plan will be shared soon. Earlier, the Indian space agency had planned the launch in the first week of January. However, the agency had to shift it to July 15, 2019.

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