BREAKING NEWS

Israel Aerospace Industries secures $150m. foreign deal

FEBRUARY 7, 2012 19:40

Israel Aerospace Industries (IAI) scored another large defense contract on Tuesday to supply radar systems to a foreign customer for $150 million.

The deal comes just a month after IAI announced that it had signed a $1.1 billion deal with an unnamed Asian country which will include the sale of aircraft, missiles and intelligence systems. It is the company’s most lucrative deal since the Indian navy bought an aerial defense system for $1.1 billion in 2009.

Due to some countries’ sensitivity for doing business with Israel, both customers have asked that their names not be disclosed.

Under the deal announced Tuesday, IAI will provide fire control radars to be installed on the foreign customer's fighter aircraft.

Using advanced technology, the ELM 2032 radar enhances surveillance and fire control capabilities in air-to-air, air-to-ground and air-to-sea operations. It can detect and track targets while employing advanced techniques to lock on to them.

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