Sunday, October 26, 2014

Defence ministry clears Israeli anti-tank missile, six submarines

Spike ATMThe defence ministry Saturday cleared big ticket defence deals worth Rs.80,000 crore which include Israel's guided anti-tank missile Spike, sources said.

Spike missiles were chosen instead of the US' Javelin missiles, for which Washington had lobbied hard.

India will be buying over 8,000 missiles worth Rs.32,000 crore.

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