Skip to content
Business Editorial

Russia and India sign $1 billion deal for Igla air-defense system, enhancing India’s air defense capabilities.

Russia and India sign $1 billion deal for Igla air-defense system, enhancing India’s air defense capabilities.
Abhishek Sharma
Founder & Editor-in-Chief
Published: 2 min read
AdvertisementAdvertisement
Russia and India sign $1 billion deal for Igla air-defense system, enhancing India's air defense capabilities.
Gallery Image


Russia and India have signed a contract on the supplies and production of the Igla handheld air-defense system, according to a Russian official quoted by TASS news agency. The deal is worth over $1 billion and is expected to boost India’s air defense capabilities.

The Igla is a short-range, infrared homing surface-to-air missile system that is effective against a variety of targets, including fixed-wing aircraft, helicopters, and drones. It is one of the most widely used air defense systems in the world, with over 10,000 units in service in over 30 countries.

The contract between Russia and India includes the supply of Igla missiles and launchers, as well as the transfer of technology for the production of the system in India. This will give India the ability to produce its own Igla missiles, which will help to reduce its reliance on imports and make its air defense system more self-sufficient.

The deal is also a sign of the growing defense ties between Russia and India. The two countries have a long history of military cooperation, and they have been working closely together in recent years to develop new defense technologies and systems.

The signing of the contract on the Igla handheld air-defense system is a positive development for both Russia and India. It will help to strengthen their defense ties and boost India’s air defense capabilities.

🚀
⚡ Prime
Enjoy an Ad-Free Reading Experience
Plus 100+ screener conditions, historical signal analysis, DIY stock screening, FII/DII data & more.
Join Prime →
Abhishek Sharma
Founder & Editor-in-Chief

Abhishek Sharma

I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire

Last reviewed by Abhishek Sharma on November 14, 2023

Disclaimer: BigBreakingWire provides news and informational content for general educational purposes only. The information presented on this website does not constitute financial, investment, tax, or legal advice. Readers should consult qualified professionals before making any financial decisions. BigBreakingWire, its authors, and editors are not responsible for any financial losses or damages arising from the use of information on this site.

Discussion

Share your take — react and comment in seconds, no login needed.

0 comments

Loading discussion…

Be civil — abusive or promotional comments get removed. No login required.

⚡ Upgrade to Prime
The Market Terminal for Serious Investors
🚫 Ad-Free Experience📊 100+ Screener Conditions🔬 Historical Signals📈 DIY Stock Screening🏦 FII/DII Data
Join BigBreakingWire Prime →