JERUSALEM (JTA) — Israel has agreed to sell spy drones to Russia in a $400 million deal.
The deal for the unmanned aerial vehicles between the government-owned Israel Aerospace Industries and the arms maker OPK-Oboronprom, which has the Russian federation as its majority owner, was signed Tuesday in Israel.
The Russian company will acquire the drones over a three-year period, according to reports. The drones will be assembled in Russia, Haaretz reported.
A statement issued by the two companies said the agreement will "strengthen the bilateral relationship between Israel and Russia."
Russia purchases IAI spy drones in a $50 million deal in April 2009.