Guwahati/ 3rd January’2018 (Prag News Desk): The Defence Ministry gives a green-go on ongoing two proposals to procure the Barak Missiles from Israel and bring back the precision guided bombs from Russia.
The clearance will enable the Indian Air Force to procure these surface-to-air missiles which net worth is Rs. 1,714 crore.
According to the Defence Ministry, 131 Barak Missiles and associated equipment, under option clause will be bought from Rafael Advanced Defence Systems Ltd, Israel, at a cost of Rs 460 crore.
The second proposal cleared is for procurement of 240 bombs, at a cost of Rs 1,254 crore from JSC Rosonboron Exports, Russia.
These bombs, which fall under the category of Precision Guided Munitions, are used by Indian Air Force (IAF).