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India calls off $500 million deal for Israeli anti-tank missiles

The announcement comes a couple of weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit India

Reuters  |  Jerusalem 

India has called off an order to buy Spike anti-tank guided missiles from Israel's state-owned defence contractor Rafael, the company said on Wednesday. The deal was worth about $500 million and the announcement of its termination came a couple of weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit India. An Indian Defence Ministry spokesman declined comment on the cancellation. Local media reported that India's Defence Research and Development Organisation was developing a domestic anti-tank missile the government was keen to support. "Rafael ...

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First Published: Thu, January 04 2018. 08:23 IST
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