Israel Aerospace Industries secures $1B contract for system supply
A view of the Israel Aerospace Industries (IAI) booth at the Singapore Airshow at Changi Exhibition Centre in Singapore February 20, 2024. (Reuters)
Israel Aerospace Industries (IAI) has entered a $1 billion contract to supply one of its systems to an unnamed third party, the state-owned defense contractor said on Tuesday.
IAI, which makes some of Israel’s most advanced drones and missile defense systems, said in a regulatory filing in Tel Aviv that the deal is expected to reach about $1 billion and be carried out over five years.
It “will produce and supply a system to a third party”, IAI said, declining to provide further detail.
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