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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