On Wednesday India completed a $1.2 billion deal with France to purchase 500 air-to air missiles from French defense contractor MBDA; the missiles are for the Indian Air Force’s fleet of 2,000 Mirages; currently fifty-one of the planes are being upgraded at French facilities under a $1.9 billion deal and those same planes will be equipped with the missiles; as part of the deal, MBDA will have to invest 30 percent of the $1.2 billion into India’s growing defense sector