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Kalyani Rafael Advanced Systems bags $100 mn contract from RAFAEL

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Bharat Forge announced that Kalyani Rafael Advanced Systems has received a $100 million contract from RAFAEL Advanced Defense Systems, Israel for manufacturing and supply of 1,000 BARAK-8 MRSAM missiles' kits for the Indian Army and Air Force.

Kalyani Rafael Advanced Systems is a 49:51 ratio Joint Venture between RAFAEL Advanced Systems and Kalyani Strategic Systems, with the Indian partner holding 51%.

KSSL is a 51% subsidiary of Bharat Forge.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 11 2019. 12:22 IST