Missile maker Raytheon bidding for tank upgrade in India

Raytheon Co, the world's biggest missile maker, said on Friday it and partner Larsen & Toubro have bid for the contract to upgrade 1,000 T-72 battle tanks in India.                                           

Defence ministry officials said the government was looking to spend at least $100 million in upgrading the tanks, which India bought from Russia three decades ago.                                           

"The upgrade will increase the lethality of the T-72 tanks," Fritz Treyz, vice president, Raytheon (India operations), told Reuters.                                           

Ratheon has a tie-up with engineering and construction firm Larsen & Toubro in India.                                           

The upgrades will include weapons and computer systems and enhance its operation by night.                                           

India, one of the world's biggest arms importers, wants to spend $50 billion buying and upgrading weapons over the next five years.                                           

Treyz said Raytheon will also launch the "fish hawk", an anti-submarine warfare weapon system next week in India.