Wednesday, August 20, 2008

India places $2 billion missile order: report

India places $2 billion missile order: report (NSI News Source Info) MOSCOW August 20, 2008: The Indian army has placed a two billion dollar (1.36 billion euro) order for cruise missiles from the Russo-Indian company BrahMos, the Interfax news agency said Tuesday. "The order by the Indian armed forces comes to two billion dollars," the firm's chief executive Sivanthanu Pillai was quoted as saying by the Russian Interfax news agency. BrahMos Aerospace is a joint Russian-Indian venture established in 1998 to design, develop, produce and market a cruise missile. The BrahMos missile has a range of 280 kilometres (175 miles). Russia is India's main arms supplier. New Delhi was one of the key allies of the erstwhile Soviet Union.

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