Contract signifies Israel's commitment to increasing defense self-sufficiency while reducing reliance on traditional kinetic interception systems, which can be expensive to operate.

The missiles, manufactured by the Haifa-based Rafael Advanced Defense Systems Ltd., can be launched from about 45 different platforms on land, sea and air.

Israel’s laser air defense system, dubbed the 'Iron Beam' eliminates aerial threats a fraction of the cost of the Iron Dome.

Rafael recently unveiled its new Sea Breaker 5th Generation Maritime & Land-Based, Long-Range Autonomous Weapon System.

One decade since its appearance, Iron Dome has intercepted 2,500 enemy rockets and counting.

New advanced Iron Dome system will also be deployed at sea to protect Israel's offshore gas fields.

Israel and India are deepening diplomatic ties and developing joint military projects simultaneously. Indian Prime Minister Narendra Modi is expected to visit Israel later this year.

Israel's defense industry has introduced to the world an advanced missile that changes the way air power is employed.