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India's defense ministry instead decided this month to cancel the deal in deference to indigenous production.
David's Sling is a joint bi-national effort of the United States Missile Defense Agency and the Israel Missile Defense Organization (IMDO)
The missile is equipped with an electro-optical seeker that tracks a target using artificial intelligence features.
President Reuven Rivlin told the winners: 'The Israeli public does not know how much it owes you.'
David's Sling is meant to bolster the second tier of Israel's theater missile defense system -- its detection and attack range is three times that of Iron Dome.
The current order is believed to be more than $130 million for hundreds of Rafael's Trophy systems.
In March 2000 the Israeli government was refused permission to purchase BGM-109 Tomahawk missiles.
IAI has already entered into an agreement with the Czech company Retia to produce air defense radar systems.
Mind you, that purchase is yet to be made, and, judging by the Iron Dome's track record so far, the deal could still go south.