Russian defense major Rosoboronexport is understood to have emerged as the lowest bidder in the Indian Army’s tender for procurement of a batch of short-range air defense missile systems, official sources said late on Monday.
The other contenders for the deal were Swedish firm SAAB and French military firm MBDA.
The Indian Army plans to procure hundreds of short-range air defense missiles as part of its efforts to enhance its overall combat capability.
If Rososboronexport is awarded the contract, it will be another mega contract won by Russia after the S-400 air defense deal. In October, India and Russia finalized the S-400 air defense missile system deal for the Indian Air Force.