NEW DELHI - India plans to move ahead with the development of a new Point Defense Missile System. This system will arm Indian Navy warships.
This program is a joint design effort involving India's Defence Research and Development Organisation (DRDO), Bharat Dynamics Limited (BDL) and MBDA France. The Acceptance of Necessity (AoN) cost of the project is Rs. 600-crore.
Source: Indian Ministry of Defence
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