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August 20, 2008
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Wednesday
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Sha’aban 17, 1429
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India places $2 billion missile order
MOSCOW, Aug 19: The Indian army has placed a $2bn order for cruise missiles from the Russo-Indian company BrahMos, the Interfax news agency said on Tuesday.
“The order by the Indian armed forces comes to two billion dollars,” the firm’s chief executive Sivanthanu Pillai was quoted as saying by the Russian Interfax news agency.
BrahMos Aerospace is a joint Russian-Indian venture established in 1998 to design, develop, produce and market a cruise missile.
The BrahMos missile has a range of 280 kilometres.—AFP
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