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Report: $1.1 Billion Arms Deal between Israel and India is Imminent

 
India is on the verge of approving a $1.1 billion deal with Israel for the purchase of two Phalcon early-warning systems according to the Times of India. Word of the sale came with the Israeli defense minister in India to attend the airshow at Bangalore where other deals are expected to be cut. Israel and India have become major players in each other’s defense procurement arena. India, for example, spends one dollar out of every six of its $6.5 billion defense budget on Israeli products.