India-Israel to joint develop LRSAM and MRSAM at the cost of Rs. 12,681 crores
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  • Defence Research Development Organization (DRDO) and Israel Aerospace Industries (IAI) have undertaken two projects to jointly develop Long Range Surface-to-Air Missile (LRSAM) and Medium Range Surface to Air Missile (MRSAM) for Indian Navy and Air Force respectively. Total cost of these projects is around Rs. 12, 681.02 crores, out of which MRSAM accounts for Rs. 10,075 crores. The missiles being developed “are comparable in performance and cost to missiles available in their class in the world market” stated the Defence Minister, AK Antony.1

    • 1. Government of India, Ministry of Defence, ‘Joint development of missiles’ Press Release, December 14, 2009