The $425 million contract is part of collaboration with General Dynamics subsidiary Santa Barbara Sistemas.
Rafael Armament Development Authority Ltd. will supply its Spike LR anti-tank missile to Spain in a $425 million order. The contract to supply 2,600 Spike missiles and 260 launchers is part of collaboration between Rafael and Santa Barbara Sistemas of Spain, a subsidiary of General Dynamics Corp. (NYSE:GD).
Spain held a long and complex process for equipping the Spanish Army with anti-tank missiles. The Spanish Army tested the Spike LR against missiles made by US and French contractors, before deciding on the Spanish-made missile. Rafael has undertaken to transfer to the Spike LR production know-how to Santa Barbara Sistemas.
Published by Globes [online], Israel business news - www.globes.co.il - on January 11, 2007
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