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Congress Asked to Approve $200 Million Missile Sale to India

The U.S. Defense Security Cooperation Agency notified Congress Tuesday of plans to sell a package of UGM-84L Harpoon missiles, plus associated equipment, parts, training, and logistical support, to the government of India. If approved by Congress, this sale would generate an estimated $200 million in new revenue for principal contractors Boeing (NYSE: BA  ) and privately held Delex Systems.


Live-fire exercise with Harpoon missiles aboard the British Royal Navy frigate HMS Richmond (F-239) in the Atlantic. Photo: Wikimedia Commons.

Specifically, India intends to purchase for its navy:

  • 12 UGM-84L Harpoon Block II Encapsulated missiles.
  • 10 UTM-84L Harpoon Encapsulated training missiles.
  • Two Encapsulated Harpoon certification training vehicles.
  • Containers for the missiles, spare parts, support and test equipment, and related services.

DSCA advised Congress that the Indian Navy intends to equip its four Shishumar-class diesel-electric submarines (variants of the German Type-209 boat) with the missiles. The agency also said India already uses Harpoon missiles aboard its Indian Air Force Jaguar fighter aircraft and Indian Navy P-8I maritime patrol aircraft.

DSCA assured Congress that this sale "will not alter the basic military balance in the region" and will result in "no adverse impact on U.S. defense readiness." 

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Rich Smith
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As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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