India and Israel will soon conclude a contract for an Indian government-approved anti-tank missile procurement and licensed-production deal estimated at US $500 million, sources here say.

In a meeting Friday in Tel Aviv with visiting Indian Home Affairs Minister Rajnath Singh, Israeli Defense Minister Moshe Ya’alon noted that the deal with state-owned Rafael, producers of the Spike/Gil anti-tank missile, has recently been approved by New Delhi.

“Just recently, the Indian government approved procurement of anti-tank missiles from Rafael,” said Ya’alon. […]