Rafael is the Israeli authority for development of weapons and military technology. Rafael is a former sub-division of the Israeli Defence ministry and is considered a governmental firm.
In August 9, the Indian cabinet approved the supply of Spyder anti-aircraft systems by Rafael worth $1 billion. The Indian press reports that Rafael Armament Development Authority has agreed a huge deal with the Indian Army to supply advanced anti-aircraft systems with a range of up to 45 kilometers. The deal, worth $1 billion,
was reportedly approved by the Indian cabinet yesterday.
Rafael will supply the Indian army with its Spyder low-level quick-reaction surface-to-air missile system capable of engaging aircraft, helicopters, unmanned air vehicles, drones and precision-guided munitions.
Full story: http://www.globes.co.il/serveen/globes/DocView.asp?did=1000491583&fid=1725