UPDATE 1-Raytheon says bidding for India tank upgrade
* Partnering Larsen & Toubro for 1,000 tank contract
* Contract value seen at more than $100 mln (Adds detail)
NEW DELHI Feb 12 (Reuters) - Raytheon Co (RTN.N), the world's biggest missile maker, said on Friday it and partner Larsen & Toubro (LART.BO) have bid for the contract to upgrade 1,000 T-72 battle tanks in India.
Defence ministry officials said India 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.
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