India approves Spike ATGM contract
India’s Defence Acquisition Council has approved the acquisition of Spike Anti-Tank Guided Munitions (ATGMs) from Israeli company Rafael.
The move comes as part of the new government’s plans to push through delayed defence projects.
In October it cleared the deck for proposals worth over $13 billion as part of a $100 billion military upgrade programme. In June, delayed projects worth $3.5billion were cleared by the new government.
The decision to award a contract for an initial 321 launchers, 15 training simulators, and 8,356 ATGMs to Rafael is a blow for the India-US Defence Trade & Technology Initiative (DTTI) that
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