Defense News reports: NEW DELHI – India and Israel will co-develop and produce a medium-range surface-to-air missile for use by the Indian Army at a cost of over $2.5 billion, but there is no clarity on which country will own the Intellectual Property Right (IPR) for the newly developed missile.
A Ministry of Defence (MoD) official said the weapon, dubbed MRSAM, will be produced by state-owned Bharat Dynamics Limited (BDL) in partnership with other state-owned and private defense companies, but refused to say who will own the data package for the technology.
“The formal clearance for the MRSAM project has been given by the Cabinet committee on security headed by the prime minister last week,” the MoD official said. A formal contract will be awarded later this month.
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