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India-Israel likely to sign $ 1.5 Bn defence deals

India is close to finalizing several major defence deals with Israel, including the procurement of two additional Phalcon AWACS (airborne warning and control systems) and four aerostat radars which are expected to cost over $1.5 billion (Rs 9,330 crore). Recently, India already inked a deal with Israel worth $525 million for procurement of Spike anti-tank missiles.

Source:http://timesofindia.indiatimes.com/india/Handshake-in-the-open-may-see-1-5-billion-defence-deals-with-Israel/articleshow/46269643.cms

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