ByUDI SHAHAM
Israel Aerospace Industries (IAI) announced on Monday the signing of three significant contracts valued at over $100 million, in which it will supply loitering munitions systems to several countries.According to IAI, the contracts include winning an international tender for the sale of the multi-purpose ROTEM system to a foreign country, sale of the naval version of the HAROP system to the navy of a country in Asia and sale of the ground version of the HAROP system to another customer in Asia.


Boaz Levy, IAI's president and CEO, said: “IAI is a global pioneer in developing the operational concept of a loitering munitions systems, which has ripened to a family of unique and accurate attack systems. These systems, which have added impressive achievements to the operational capability of fighting forces around the globe, constitute central and decisive attack components for advanced battlefields of the future.“These contracts are further proof of the importance and confidence modern armies place in accurate munitions systems as part of their arsenal, and may be harbingers of additional business activity in this field. IAI will continue to develop and improve a range of strike systems in order to give its clients around the world a precise operational solution.”