Israel Aerospace Industries (IAI) signed two separate agreements with two countries to deliver long range loitering munitions. The contracts’ combined value is $145M. These two significant orders follow a previous contract signed earlier this year, that has also declared the purchase of IAI's long range loitering munitions.
This series of orders represent the growing global demand for IAI's long range loitering munition family and demonstrates IAI's unique capability in this market segment.
IAI's President and CEO Boaz Levy: "Loitering munitions have proven critical to achieving operational success on the battlefield worldwide. The flexibility in strikes that can be achieved with a loitering munition is a major advantage in combat and the type of precision reached is of strategic and national importance. The latest orders emphasize the trust in IAI’s loitering munitions family in bringing the required advantages to each country respectively".
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