Kalyani Rafael Advanced Systems Ltd has secured a $100-million order from Rafeal of Israel to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and the Indian Air Force.
KRAS, a 49:51 venture between Rafael Advanced Systems and Kalyani Strategic Systems Ltd, plans to develop these systems at the facility located near the international airport here. These systems would be supplied to Bharat Dynamics Ltd (BDL) for further integration.
Over the years, Rafael’s collaboration with the Indian defence industry has led to investment of over $250 million as a part of the Make-in-India initiative.
Pini Yungman, Rafael Executive Vice-President and General Manager of the Air & Missile Defense Systems Division, said: “KRAS is the first private missile production facility in India to produce interceptors, missiles, besides deployment of defence systems and providing long-term maintenance of missiles and equipment.”
He said KRAS was committed to the operational readiness of the Indian Army and the Indian Air Force.
Baba Kalyani, Chairman of the Kalyani Group said, “This order is a testimony to the capabilities that exists in the country and how they can be utilised to truly achieve the aim of ‘Make in India’. We are confident of executing many more such orders.”