NEW DELHI —Israel’s Rafael Advanced Defense Systems is close to accepting a 26% equity stake in a joint venture with India’s public sector company, Bharat Electronics Ltd., giving speed to the overdue project. The venture is to develop advanced imaging infrared seekers for the Python 5 fifth-generation air-to-air missile. India has ordered 18 Spyder systems that use advanced air-to-air missiles as ground-launched surface-to-air missiles. Besides the Python 5, it has the ...

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