Mumbai: Bharat Electronics Ltd (BEL) is looking to ink a contract by end-2018 for seven more Long Range Surface-to-Air Missile (LRSAM) systems as part of the Navy’s P-17A stealth frigate programme.
The defence electronics manufacturer has already signed a contract for the first four systems.
Since the process of procurement has already been flagged off by the Navy, BEL expects to sign a contract for the next seven systems soon. An announcement in this regard was made by the company on Wednesday.
The missile system is a joint development with Israel Aerospace Industries (IAI) and DRDO. It includes a Track and Guidance Radar (MFSTAR), multifunction surveillance, launchers and missiles with advanced radio frequency seekers.
BEL had teamed up with IAI for the missile project and signed a memorandum of understanding in December 2012 for ship-defence systems.
The BEL-IAI cooperation deal envisages BEL functioning as the lead integrator and producer of major sub-systems.
IAI will continue to act as design authority and to produce sub-systems as a main sub-contractor of BEL.
Recently, IAI sealed a $630-million deal to supply advanced LRSAM systems for four ships of the Indian Navy. Each system comprises at least one launcher, carrying eight missiles, among others.
The Indian Navy plans to procure 12 LRSAM systems at a cost of more than $2 billion.
The LRSAM system offers protection against a wide range of aerial and naval threats.