*INDIA REJECTS AMERICAN BID; SIGNS ARMS DEAL WITH ISRAEL WORTH - TopicsExpress

*INDIA REJECTS AMERICAN BID; SIGNS ARMS DEAL WITH ISRAEL WORTH $525 MILLION* India has opted to buy Israels Spike anti-tank guided missile, rejecting a rival US offer of Javelin missiles that Washington had lobbied hard to win. India will buy at least 8,000 Spike missiles and more than 300 launchers in a deal worth 32 billion rupees ($525 million), the source said after a meeting of Indias Defense Acquisition Council. Spike is a man-portable fire and forget anti-tank missile that locks on to targets before shooting. It is produced by Israels Rafael Advanced Defense Systems, developers of the legendary Iron Dome.

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