India rejects Israel joint UAV development offer – report

Ran Dagoni, Washington

“Defense News” reports that India has rejected an Israeli proposal to jointly develop a new version of the Heron unmanned aerial vehicle (UAV), made by Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1). The rejection is an unusual event in Indian-Israeli defense relations. Israeli sources estimate the potential value of the project at several hundred million dollars.