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