Public sector defence major Bharat Electronics Limited India has signed a Memorandum of Understanding (MoU) with Israel Aerospace Industries Ltd. (IAI), through which both the companies will work together on the future of Long Range Surface to Air Missile (LR-SAM) ship defence system projects. The LR-SAM is an over $500 million joint venture with Israel. This will help the Indian Navy to protect its warships from incoming enemy cruise missiles and fighter aircrafts.
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