Oct. 10, 2003 India signs $1b PHALCON arms deal By ASSOCIATED PRESS NEW DELHI, India India, Israel and Russia on Friday signed an agreement for the US$1 billion sale of PHALCON airborne early warning systems to India, a defense official told The Associated Press. India's rival, Pakistan, has said the system would upset the balance of power in South Asia, where the two major powers have fought three wars since 1947 and now have nuclear weapons. The advanced Israeli-made PHALCON radar systems are to be fitted on converted Russian-made Ilyushin transport plane that India will purchase from Moscow. The deal,...