Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has entered into an agreement to provide advanced defense systems to Israel Navy’s Sa’ar-6 corvettes. The systems will be used to protect Israel's exclusive economic zone and strategic facilities which are faced with diversified marine threats.
The contract was led by the navy, Directorate of Defense Research and Development (DDR&D) and the procurement administration in Israel's Ministry of Defense. The Barak-8 system was chosen after it was demonstrated to meet the operational requirements and future challenges faced by the Navy.
Barak-8 is an operational air and missile defense system used by the Israeli navy as well as by the India's navy and air forces. It provides broad Aerial and point defense against a wide range of threats to the marine arena from the air, the sea or the land. The system integrates several advanced state-of-the-art systems as, digital radar, command and control, launchers, interceptors with modern RF seekers, aata link and system-wide connectivity.
IAI CEO and president Joseph Weiss said, "Barak-8 is one of IAI’s leading systems and a growth engine for IAI in sales to its customers. The new deal adds to several Barak-8 contracts entered over the past few years with total value of more than $5 billion, which is another feather in the system’s glorious cap."
IAI EVP and Systems, Missiles & Space Group general manager Boaz Levi said, "The procurement of Barak-8 System for the Sa’ar-6 corvettes will expand the operational capabilities of the Israeli navy, including the defense of Israel’s territorial and exclusive economic zone . With land and naval modules, the system provides a complete response to a wide range of threats and is developed to work with other systems. Barak-8 is a proud member of the exclusive club that hosts Israel's most successful global military developments."
The Barak-8 was developed by IAI in collaboration with Israel's DDR&D, India’s DRDO (Defense Research and Development Organization), the navies of both countries, Rafael Advanced Defense Systems Ltd., IAI’s ELTA Group and local industries in India.
Published by Globes [online], Israel business news - www.globes-online.com - on August 14, 2018
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