TAAS signs US$1 billion deal with Japanese Mitsui

TAAS (Israel Industries) signed an agreement with major Japanese industry corporation Mitsui to alter Boeing passenger airplanes into cargo air-carriers, Israel Radio reported on Monday afternoon. The deal would involve changing 500 aircrafts over a period of ten years. The projected cost of the deal is one billion US dollars. Mitsui is a globally based corporation branching to the steel industry, power plants, heavy machinery, chemicals, food products, and aircraft, ship and vehicle projects.