IAI Wins a $200 Million Deal
(Source: Israel Aerospace Industries; issued March 29, 2017)
Israel Aerospace Industries (IAI) announced today that it has signed a $200 million contract with a customer in Asia. Under the new contract, IAI will provide targeting and surveillance pods to the local air force. The contract will be carried out by ELTA Systems Ltd., a Group and Subsidiary of IAI (IAI/ELTA).

The contract signed yesterday is a follow-up order for the new generation of targeting and surveillance pods already used extensively and successfully by the country's air force. The IAI/ELTA pods are considered as the global leaders in their category. Elop has participated in the pods' development as subcontractor.

Joseph Weiss, IAI president and CEO, said: "The new order serves as yet another evidence of the satisfaction and trust our clients place in the IAI's systems and technological capabilities. IAI has many-year experience in designing and manufacturing airborne warfare systems, which play a central role in the operations of several air forces around the globe.
Being able to provide airborne tactical and strategic intelligence in real time allows our clients to deal with current and future operational challenges in the best way possible." Weiss added, "This is a very important deal for us and one we are proud to have been chosen for. It constitutes a strong pillar in our relationship with this client."

Israel Aerospace Industries: IAI Ltd. is Israel's largest aerospace and defense company and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security.


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