Defence Ministry signs ₹2,960 crore contract for Medium-Range Surface-to-Air Missiles

Tags: Defence

Why in the news?

• The Union Defence Ministry on January 16, 2024) inked a Rs. 2,960 crore contract with Bharat Dynamics Limited for Medium-Range Surface-to-Air Missiles (MR-SAM) for the Indian Navy.

Important points:

• MR-SAM contract has been signed with Bharat Dynamics Limited for the Indian Navy
• “The MRSAM system is a standard fit, onboard multiple Indian Naval Ships and is planned to be fitted on the majority of the future platforms planned for acquisition. 
• The contract marks a critical milestone in the ongoing efforts to bolster India’s defence capabilities and indigenise advanced military technology.