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.”
