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Thursday, March 13, 2008

Barak missile project in deep freeze

The government has put in cold storage a massive joint venture for a new generation Barak missiles for Indian Air Force, as the CBI makes major breakthroughs in nailing arms agent Suresh Nanda and others in the original Barak contract for Indian Navy in 2000.

According to dependable sources, a new version of the Barak missiles, a medium range surface-to-air missiles, was to be made for the IAF under the Rs 10,000 crore project in a joint venture between the Defence Research and Development Organisation and the Israel Aerospace Industries, the makers of Barak missiles.

The Cabinet Committee on Security had cleared the JV on July 12, 2007, but sources have now indicated that the government is cautious about giving the final administrative clearance for this project. If cleared, this would be the biggest military JV of India with any other country.

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