KRAS Receives USD 100 Million Order from RAFAEL

Under the contract, the company will manufacture 1000 Barak-8 MRSAM missile kits for the Indian Army and Air Force, which will be integrated by BDL

Kalyani Rafael Advanced Systems Ltd, India (KRAS) has been awarded a USD 100 million contract by RAFAEL executive vice president & general manager of the Air & Missile Defence Systems Division, Brigadier General Pini Yungman (retd) at a ceremony held on 11 July 2019. The contract is for manufacturing 1,000 BARAK-8 MRSAM missile kits which in turn would be supplied to BDL for further integration. KRAS is a 49:51 ratio Joint Venture between RAFAEL Advanced Systems and Kalyani Strategic Systems Ltd., with the Indian partner holding 51 percent.

Keeping with its commitment to ‘Make-in-India’, the JV partners have invested in best-in-class production facilities, state-of-the-art engineering services, and extended life cycle support (MRO) for systems supplied to Indian defence force. KRAS is expected to ramp up its employee strength to 300 technical experts by the year 2023.

RAFAEL Advanced Defence Systems has a rich history of collaboration with India’s defence industries, resulting in multiple joint ventures, subsidiaries, as well as fruitful information sharing. These partnerships, over past two decades, have led RAFAEL to invest over USD 250 million in the country through its Make-in-India initiative.

Speaking at the ceremony, BG Pini Yungman (retd) emphasised KRAS’s commitment to the operational readiness of the Indian Army and Indian Air Force (IAF). “We at RAFAEL are proud of our role – not only in KRAS – but also of our participation in Make-in-India, and our strong relationship with the vibrant talent across India’s defence industries. As we mark end of this project, we look forward to celebrating many more milestones with KRAS as well as our many other partners like BDL within India,” he said.

Chairman of the Kalyani Group, Baba Kalyani, said on the occasion, “This order is a testimony to the capabilities that exists in the country and how they can be utilised to truly achieve the aim of ‘Make in India’. Kalyani Group is immensely proud of this achievement and our association with Rafael. We are confident of executing many more such orders.”


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