Defense Ministry: Israeli Firms Earned Over $1b from F-35 Program (excerpt)
(Source: Times of Israel; posted Feb 12, 2017)
By Judah Ari Gross
In 2016, defense companies pulled in $258 million in contracts, most of it for the stealth fighter’s state-of-the-art helmets.

Israeli defense firms have raked in nearly NIS 4 billion ($1.07 billion) from projects related to the F-35 fighter jet since 2010, the Defense Ministry said Sunday.

The past year also saw a 33 percent jump in the value of orders over previous years. In 2016, approximately NIS 1 billion ($258 million) in new deals were signed between Lockheed-Martin — the manufacturer of the F-35 — and Israeli defense contractors, the ministry said.

In total, Israeli companies have made approximately NIS 3.9 billion ($1.033 billion) in deals connected to the F-35 project, the ministry said.

“The breadth of the manufacturing partnership between the Adir’s producers and Israeli industry, in just the last year, shows the immense potential inherent in this arrangement for the Israeli economy,” said Col. (res.) Avi Dadon, deputy director-general of the Defense Ministry, using the F-35’s Hebrew name.


A large chunk of the expected NIS 1 billion — NIS 772 million ($206 million) — will go to Elbit Systems and the American Rockwell Collins, which are manufacturing a state-of-the-art helmet for the F-35 fighter jet in a joint project.

The screen-filled helmet is designed to give the pilot a 360-degree view from the cockpit, with cameras hooked up around the aircraft. When looking down, the pilots won’t see their legs but rather the sky beneath their jet.

Another NIS 62.3 million ($16.6 million) will go to Elbit Systems’ factory in the northern Israeli town of Carmiel, which is helping manufacture the F-35’s body. And some NIS 97 million ($26 million) in contracts will go to Israel Aerospace Industries, which is manufacturing the jet’s wings, the Defense Ministry said.

Another approximately NIS 35 million ($9.4 million) is split up among a number of other companies throughout the country who are involved in making the F-35’s radio, simulator and other parts of the aircraft. (end of excerpt)


Click here for the full story, on the Times of Israel website.

-ends-







prev next

Official reports See all